EQUITIES
The local bourse extended its bullish streak as the All-Share Index gained 0.2% to close at 70,773.31 points. Today’s performance was underpinned by buying interest in BUACEMENT (+1.9%). Consequently, the Month-to-Date and Year-to-Date gains increased to +2.2% and +38.1%, respectively.
The total volume traded increased by 24.3% to 558.34 million units, valued at NGN9.79 billion, and exchanged in 6,401 deals. FBNH was the most traded stock by volume and value at 209.90 million units and NGN4.04 billion, respectively.
Across the sectors, the Insurance (+2.7%), Industrial Goods (+0.9%), and Banking (+0.3%) indices advanced, while the Oil & Gas index closed flat. The Consumer Goods (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.1x), as 26 tickers gained relative to 24 losers. JAPAULGOLD (+9.9%) and PRESTIGE (+9.8%) topped the gainers’ list, while CAVERTON (-9.9%) and MEYER (-9.9%) recorded the most significant losses of the day.
CURRENCY
The naira depreciated by 0.6% to NGN874.71/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 13bps to 17.4%, in the absence of any significant outflows from the system.
Trading activities in the Treasury bills secondary market were bullish, as the average yield contracted by 7bps to 14.3%. Across the curve, the average yield declined across the short (-38bps), mid (-1bp) and long (-1bp) segments, following demand for the 15DTM (-151bps), 169DTM (-1bp) and 351DTM (-1bp) bills, respectively. Similarly, the average yield dipped by 1bp to 15.9% in the OMO segment.
Meanwhile, proceedings in the Treasury bonds secondary market were bearish, as the average yield expanded by 1bp to 15.8%. Across the benchmark curve, the average yield advanced at the short (+2bps) end as investors sold off the FEB-2028 (+5bps) bond but was unchanged at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
