The domestic equities market sustained its bullish streak for the fourth consecutive session, following continued interest in banking names. Thus, the NSE ASI advanced by 0.2% to close at 24,882.04 points. The performance was pertinently driven by buying sentiments across STANBIC (+5.0%), GUARANTY (+1.9%) and ACCESS (+0.8%) stocks. Consequently, the Month-to-Date gain increased to +0.8% while the Year-to-Date loss moderated to -7.3%.
The total trade volume grew by 148.1% to 383.29 million units, valued at NGN3.89 billion and exchanged in 3,860 deals. UACN was the most traded stock by volume at 81.74 million units while PRESCO was the most traded stock by value at NGN1.23 billion.
Sectoral performance was broadly positive, following gains in the Banking (+0.1%), Oil & Gas (+0.03%), Industrial (+0.01%), and the Consumer Goods (+0.01%) indices. The Insurance (-0.01%) index was the sole loser.
Market sentiment, as measured by the market breadth, was positive (1.5x), as 18 tickers gained relative to 12 losers. CAP (+9.7%) and UAC-PROP (+9.5%) topped the gainers list, while ETERNA (-9.0%) and LIVESTOCK (-4.6%) were the top losers of the day.
The naira depreciated by 0.1% to NGN389.25/USD at the I&E window and while it was flat at NGN474.00/USD at the parallel market.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 75bps to 9.3%, amid the tight liquidity in the system.
Trading in the NTB secondary market was bullish, as average yield pared by 1bp to 1.7%. Across the curve, average yield contracted at the mid (-3bps) and long (-1bp) segments, due to demand for the 176DTM (-12bps) and 190DTM (-2bps) instruments, respectively. Yield was flat at the short end. Conversely, average yield expanded by 22bps to 4.0% at the OMO secondary market.
Elsewhere, trading in the Treasury bond secondary market was bearish, as average yield expanded by 53bps to 7.9%. Across the curve, average yield expanded at the short (114bps) and long (+30bps) end, as investors sold off the JAN-2026 (+252bps) and MAR-2036 (+170bps) bonds; yield was flat at the mid segment.