Equities

ASI loses 49 bps

Opening the week, the domestic bourse closed the session bearish as the All-share index declined by 0.49% to close at 104,136.25 points. Similarly, the market cap declined by N28.89 billion to settle at N58.88 trillion due to sell-offs in DANGSUGAR (-10.00%), TRANSCORP (-8.41%), ETI (-7.31%), TRANSPOWER (-1.04%) and FBNH (-2.07%) which masked upticks in WAPCO (+0.97%), FLOURMILL (+2.63%) and WEMABANK (+1.20%). Expectedly, market breadth closed negative at 0.67x as 30 losers outpaced t 20 gainers.

For activity metrics, volume (-39.27%) and value (-20.04%) of transactions dipped to 306.82 million units and N11.38 billion, respectively. JAIZBANK (-9.92%) led the volume chart with 23.15 million units traded (7.55% of total volume), while MTNN (0.00%) led the value chart with N2.61 billion traded (22.94% of the total value). ELLAHLAKES (+10.00%) led the market gainers, while DANGSUGAR (-10.00 %) led the laggards.

Mixed performance in the sectors

Out of five indices, the Insurance (+0.21%) and Industrial Goods (+0.04%) indexes closed in green, attributed to upticks in MANSARD (+1.75%) and WAPCO (+0.97%), respectively. Conversely, the Consumer Goods (-0.83%) and Banking (-1.72%) indexes closed in the red as investors sold off DANGSUGAR (-10.00%) and ETI (-7.31%), respectively. The Oil and Gas index closed flat.

Bonds

Quiet day in the bond market

The secondary bond market closed flat, as average yields remained unchanged at 19.26%. Although, investors sold off papers at the short end of the curve (+2bps), particularly the MAR-25 (+4bps) and JAN-26 (+3bps) instruments.

Money market

Money market rates depreciated as OPR and O/N rates declined by 62bps and 84bps, respectively, to close at 25.60% and 26.45%. 

Kindly click here for the summary of activities in the market today

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