Equities

ASI grew by 0.75%

The local equities market closed in positive territory as the ASI advanced by 75bps to settle at 106,074.26 points. The upbeat performance was driven by renewed investor interest in MTNN (+2.51%) and WAPCO (+10.00%), alongside strong buying momentum in INTBREW (+9.38%). Furthermore, the listing of 2.0 billion shares of Legend Internet PLC (LEGENDINT) at N5.64 per share contributed to the overall expansion in market capitalisation to N66.7 trillion.

Notably, market breadth improved to 3.14x, compared to 2.13x in the previous session, reflecting a stronger bullish bias as 44 tickers advanced against 14 decliners. IKEJAHOTEL (+10.00%) led the gainers' chart, while JOHNHOLT (-10.00%) recorded the steepest loss for the trading session.

Trading activity moderated at the close of today's session, with total volume and value declining by 55.93% and 43.28%, respectively as investors exchanged 328.26 million units valued at N10.4 billion. ACCESSCORP led the volume chart with 48.50 million units traded, while MTNN dominated the value chart with transactions worth N1.4 billion.

Sectoral performances

Sectoral performance was broadly positive. The Insurance index (+4.32%) advanced, buoyed by strong gains in NEM (+9.93%), CORNERST (+9.89%), and WAPIC (+5.77%). The Consumer Goods index (+2.35%) also edged higher, supported by sustained momentum in INTBREW (+9.38%). In addition, the Industrial Goods (+1.29%) and Oil & Gas indices (+0.07%) posted green, respectively, driven by WAPCO (+10.00%) and OANDO (+2.79%). Conversely, the Banking (-0.20%) index slipped due to selloffs in UBA (-2.72%), while the Commodity index closed flat.

Fixed Income

The secondary bond market remained relatively quiet, though mild buying interest emerged at the short end of the curve. Notably, demand for the JAN 2026 and MAR 2026 papers led to yield compressions of 37bps and 15bps, respectively, resulting in a 1bp dip in the average yield to 19.03%.

Similarly, the secondary treasury bills market saw limited activity. However, selective interest at the long end of the curve drove yields lower by 41bps, bringing the average yield down by 19bps to close at 20.82%.

Money market

System liquidity remained largely robust despite a net NTB repayment of N344.6 billion. As a result, interbank rates were steady, hovering around the 26.0% level, reflecting stable funding conditions in the money market.

Currency

The Naira appreciated by 0.31% at the parallel market to close at N1,615.00/$. Meanwhile, the local currency weakened to N1,603.00/$ at the CBN NFEM window.

NASD

The NASD OTC Exchange closed on a positive note, advancing by 0.55% to settle at 3,276.98 points. Trading activity improved significantly, with volume and value surging 196.6x and 136.1x to 206.15 million units and N354.09 million, respectively. CSCSPLC (+9.98%), FCWAMCO (+0.40%), and GEFLUID (+4.94%) emerged as the gainers in today's session.

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

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