WED OCT 15 2025-theGBJournal| The Nigerian equities market was sightly higher Wednesday, up 2bps to 147,741.77 points driven by gains in TRANSCORP (+4.2%) and STANBIC (+1.6%).
The Month-to-Date and Year-to-Date steadied at +3.5% and +43.5%, respectively while market capitalisation gained N19.84 billion (+0.86%), settling at N93.78 trillion.
The total volume traded declined by 21.4% to 389.11 million units, valued at N12.48 billion and exchanged in 23,017 deals.
FIDELITYBK was the most traded stock by volume at 46.87 million units, while ZENITHBANK was the most traded stock by value at N1.42 billion.
By sectors, the Consumer Goods (+0.1%), Industrial Goods (+0.1%), and Oil & Gas (+0.1%) indices advanced, while the Banking (-0.2%) and Insurance Indices (-0.1%) declined.
As measured by market breadth, market sentiment was positive (1.1x), as 31 tickers gained relative to 27 losers. ROYALEX (+7.4%) and INTENGINS (+6.1%) topped the gainers’ list, while TRIPPLEG (-9.9%) and IMG (-9.9%) led the losers.
Meanwhile, the NASD reversed losses from previous session, with the NASD OTC Securities Index (NSI) and market capitalisation rising by 1.67%, closing at 3,513.04 points and N2.10 trillion, respectively.
Market activity declined, as transaction volume and value edged down by 96.99% and 29.80% respectively.
SD11PLC (+9.09%) topped the market gainers, while SDAFRILAND (-7.90%) led the decliners in today’s session.
The official FX rate fell by 0.4% to N1,466.50/US$.
The overnight lending rate expanded by 2bps to 24.9% amid the lack of significant inflows into the system.
The fixed income market capitalization closed at N51.48 trillion as the NTB secondary market and FGN bonds market traded mixed.
The NTB secondary market traded on a calm note albeit with a bullish undertone, as the average yield contracted by 1bp to 17.4%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments, driven by demand for the 75DTM (-1bp), 155DTM (-1bp) and 358DTM (-12bps) bills, respectively.
Conversely, the average yield expanded by 4bps to 20.5% in the OMO segment.
Meanwhile, the FGN bond secondary market was bullish, as the average yield contracted by 3bps to 15.9%.
Across the benchmark curve, the average yield contracted at the short (-1bp) and mid (-12bps) segments, following demand for the FEB-2031(-4bps) and APR-2032 (-23bps) bonds, respectively, while it closed flat at the long end.
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