September 22, 2025/InvestmentOne Report
EQUITIES
The Nigerian equities market opened the week on a bearish note as losses in NB (-7.6%), UBA (-2.7%), and OANDO (-5.8%) drove the All-Share Index lower by 0.2% to 141,498.22 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +0.9% and +38.2%, respectively.
The total volume traded increased by 12.3% to 488.56 million units, valued at NGN13.72 billion and exchanged in 28,621 deals. UNIVINSURE was the most traded stock by volume at 79.56 million units, while ZENITHBANK was the most traded stock by value at NGN3.86 billion, respectively.
Sectoral performance was broadly negative as the Consumer Goods (-0.8%), Oil & Gas (-0.5%), Banking (-0.3%) and Insurance (-0.1%) indices declined while the Industrial Goods index remained unchanged.
As measured by market breadth, market sentiment was negative (0.8x), as 21 tickers gained relative to 27 losers. MCNICHOLS (-10.0%) and IKEJAHOTEL (-9.8%) posted the most significant losses of the day, while ROYALEX (+9.8%) and NSLTECH (+6.7%) led the gainers.
CURRENCY
The official FX rate depreciated by 0.4% to NGN1,493.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate remained unchanged at 27.0%, closing at a net long position (NGN2.13 trillion).
The NTB secondary market traded with bullish sentiments as the average yield contracted by 7bps to 18.4%. Across the curve, the average yield contracted at the short (-2bps), mid (-11bps) and long (-7bps) segments, driven by the demand for the 80DTM (-3bps), 94DTM (-71bps), and 346DTM (-55bps) bills, respectively. Similarly, the average yield contracted by 4bps to 22.0% in the OMO segment.
Elsewhere, the FGN bond secondary market was bullish, as the average yield contracted by 6bps to 16.4%. Across the benchmark curve, the average yield contracted at the short (-5bps) and mid (-18bps) segments, driven by the buying interest in the APR-2029 (-23bps) and JUL-2034 (-42bps) bonds, respectively but remained unchanged at the long end.
Kindly see below our Mutual Fund prices and returns as of today.
