WED SEPT 24 2025-theGBJournal| The NGX All-Share Index fell 0.2% to 140,716.10 points on Wednesday as telecoms giant MTNN (-4.8%), JAIZBANK (-4.4%), and WAPIC (-8.8%) shares came under pressure.
The Month-to-Date and Year-to-Date returns settled lower at +0.3% and +36.7%, respectively, while market capitalization dipped 0.15% to N89.09 trillion.
The total volume of trades declined by 41.7% to 442.56 million units, valued at NGN16.97 billion, and exchanged in 21,684 deals.
ZENITHBANK was the most traded stock by volume and value at 68.99 million units and NGN4.76 billion, respectively.
Sectoral performance was mixed as the Insurance (-0.3%) and Oil & Gas (-0.1%) indices declined while the Banking (+1.3%), Consumer Goods (+0.6%), and Industrial Goods (+0.3%) indices advanced.
As measured by market breadth, market sentiment was negative (0.9x), as 23 tickers gained relative to 27 losers. DEAPCAP (-9.4%) and LEGENDINT (-9.3%) led the laggards, while DANGSUGAR (+10.0%) and MECURE (+10.0%) posted the most significant gains of the day.
The official FX rate depreciated by 0.4% to N1,498.00/USD from N1,492.00/USD.
Meanwhile, the fixed income market capitalization also dipped, falling 0.12% to N51.09 trillion.
The Nigerian Treasury bill market were quiet, albeit with a bullish tilt as the average yield contracted by 1bp to 18.4%.
Across the curve, the average yield contracted at the mid (-1bp) and long (-1bp) segments, driven by the demand for the 176DTM (-1bp) and 344DTM (-1bp) bills, respectively. The average yield remained unchanged at the short end.
Similarly, the average yield contracted by 25bps to 21.7% in the OMO segment.
The FGN bond secondary market traded on a bearish tone, as the average yield expanded by 1bp to 16.4%.
Across the benchmark curve, the average yield expanded at the short (+2bps) and mid (+2bps) segments, due to selloffs on the JAN-2026 (+30bps), FEB-2031 (+11bps) bonds, respectively. The average yield remained unchanged at the long end.
The overnight lending rate contracted by 204bps to 24.9% in the absence of any significant inflows into the system.
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