FR1 NOV 14 2025-theGBJournal| The Nigerian equities market climbed on Thursday primarily driven by gains in banking tickers such as ZENITHBANK (+8.4%), UBA (+6.9%), GTCO (+3.2%), and STANBIC (+4.8%).
The benchmark All-Share Index and market capitalization advanced by 1.1% consequently to close at 146,981.17 points and N93.48 trillion respectively, with the Month-to-Date and Year-to-Date returns settling at -5.7% and +41.3%, respectively.
All other indices climbed with exception of NGX AFR Div Yield Index
The total volume of trades declined by 25.6% to 599.71 million units, valued at N22.70 billion, and exchanged in 23,675.00 deals.
WEMABANK was the most traded stock by volume at 98.43 million units, while ZENITHBANK was the most traded stock by value at N2.63 billion.
Sectoral performance was mixed, as the Insurance (+4.6%), Banking (+3.8%), Consumer Goods (+1.7%), and Oil & Gas (+0.7%) indices advanced, while the Industrial Goods (-0.1%) index closed lower.
As measured by market breadth, market sentiment was positive (6.1x), as 55 tickers gained relative to 9 losers.
CUSTODIAN (+10.0%) and LINKASSURE (+10.0%) posted the most significant gains of the day, while AUSTINLAZ (-10.0%) and UNIONDICON (-9.7%) led the losers.
Meanwhile, the NASD market closed in the negative as the Securities Index (NSI) and market capitalisation decreased by 0.57% each, closing at 3,644.61 points and N2.18 trillion, respectively.
The market activity also decreased, with transaction volume and value dipping by 99.46% and 99.85% respectively. SDFCWAMCO (-9.92%) led the two (2) decliners and there were no gainers in the market.
At the Fx market, the naira stayed unchanged at N1445.00/USD.
The overnight lending rate also remained unchanged at 24.9%.
At the fixed income market, the Nigerian Treasury Bills (NTB) secondary market traded on a bullish note, as the average yield contracted by 3bps to 17.0%.
Across the curve, the average yield contracted at the short (-1bp), mid (-4bps) and long (-3bps) segments, driven by the demand for the 84DTM (-1bp), 161DTM (-23bps) and 343DTM (-39bps) bills, respectively.
Similarly, the average yield contracted by 16bps to 21.6% in the OMO segment.
Proceedings in the FGN bond secondary market was bullish, as the average yield contracted by 3bps to 15.6%.
Across the benchmark curve, the average yield contracted at the short (-2bps) and mid (-9bps) segments, driven by buying interest in the MAR-2027 (-9bps) and APR-2032 (-38bps) bonds, respectively, but closed flat at the long end.
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