…The NASD OTC Securities Index (NSI) and market capitalisation declined by 0.17%
TUE DEC 02 2025-theGBJournal| Nigerian stocks began the last trading month of the year in red, as investors took more profits to the bank for Christmas.
Selloffs in INTBREW (-10.0%), DANGSUGAR (-1.6%) and WAPCO(-0.5%) drove the All-Share Index lower by 0.2% to 143,210.33 points.
Consequently, the Month-to-Date and Year-to-Date returns settled at -7.1% and +39.1%, respectively, while market capitalization shed N197.32 billion, to settle N91.09 trillion
The total volume of trade declined by 19.7% to 1.47 billion units, valued at N18.67 billion, and exchanged in 28,956 deals.
CORNERST was the most traded stock by volume and value at 908.82 million units and N4.59 billion, respectively.
Sectoral performance was mixed as the Consumer Goods (-1.0%), Oil & Gas (-0.1%) and Industrial Goods (-0.1%) indices declined, while the Banking (+0.1%) and Insurance (+0.1%) indices advanced.
As measured by market breadth, market sentiment was negative (0.7x), as 26 tickers lost relative to 18 gainers.
INTBREW (-10.0%) and RTBRISCOE (-9.9%) led the losers, while NCR (+10.0%) and SUNUASSUR (+9.2%) posted the most significant gains of the day.
At the NASD, trading opened the week with a bearish sentiment, as the NASD OTC Securities Index (NSI) and market capitalisation declined by 0.17%, closing at 3,591.84 points and N2.15 trillion, respectively.
Market activity was mixed, with the transaction volume surging by 2,365.95% while value declined by 69.78%.
SDIGIPLC (+8.16%) led the market gainers, while SDAFRILAND (-11.10%) topped the decliners in today’s session.
The naira kicked off the month on positive, finishing the day at N1,440.00/US$, 0.6% higher from where it ended trading on Friday, at the official FX market.
Meanwhile, at the Fixed income market, the Treasury bills secondary market were bullish as the average yield contracted by 2bps to 16.2%.
Across the curve, the average yield contracted at the short (-1bp), mid (-2bps) and long (-4bps) segments, driven by the demand for the 10DTM (-3bps), 171DTM (-3bps) and 353DTM (-16bps) bills, respectively.
Meanwhile, the average yield remained unchanged at 21.9% in OMO segment.
The FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 15.5%.
The overnight lending rate expanded by 14bps to 22.9%, in the absence of significant liquidity flows into the system.
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