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Markets Wrap| Nigerian markets rise after stocks gain, bonds are unchanged, naira broadly higher

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…NASD finished the day in green also, with the NASD Securities Index (NSI) and market capitalisation rising by 0.05%

THUR DEC 04 2025-theGBJournal| The Nigerian markets closed Wednesday’s trading session in green, as the NGX and NASD Securities Index (NSI) finished in green.

At the NGX equities market, gains in BUACEMENT (+1.3%), UBA (+3.1%), GUINESS (+10.0%), and GTCO (+0.7%) drove the benchmark All-Share Index higher by 0.3% to 145,323.87 points.

Consequently, the Month-to-Date and Year-to-Date returns settled at +1.3% and +41.2%, respectively, while the market capitalization increased by N444.32 billion to settle at N92.63 trillion.

The total volume of trades advanced by 271.3% to 2.25 billion units, valued at N20.97 billion, and exchanged in 21,513.00 deals.

ETRANZACT was the most traded stock by volume and value at 1.85 billion units and N5.55 billion.

Sectoral performance was mixed as the Banking (+0.7%), Industrial Goods (+0.5%), Consumer Goods (+0.4%) and Insurance (+0.3%) indices advanced, while the Oil & Gas index (-0.5%) declined.

As measured by market breadth, market sentiment was positive (1.9x), as 30 tickers gained relative to 16 losers.

GUINNESS (+10.0%) and NCR (+10.0%) led the gainers, while VERITASKAP (-4.5%) and LASACO (-3.8%) posted the most significant losses of the day.

Meanwhile, The NASD finished the day in green also, with the NASD Securities Index (NSI) and market capitalisation rising by 0.05%, to close at 3,581.10 points and N2.14 trillion, respectively.

The market activity closed negative, with both transaction volume and value declining by 96.68% and 67.82% respectively.

SDFCWAMCO (+0.90%) topped the market gainers with no decliners recorded in today’s session.

The official FX rate appreciated by 0.1% to N1,445.00/US$1.

The NTB secondary market traded on a quiet note, albeit with bullish sentiment as the average yield contracted by 1bp to 16.8%.

Across the curve, the average yield contracted at the mid (-1bp) and long (-1bp) segments, driven by the demand for the 183DTM (-1bp) and 357DTM (-1bp) bills, respectively, while it closed flat at the short end. Similarly, the average yield contracted by 2bps to 21.9% in the OMO segment.

Elsewhere, the FGN bond secondary market traded on a calm note, as the average yield closed flat at 15.5%.

The overnight lending rate contracted by 4bps to 22.8%, in the absence of liquidity pressures.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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