…The NASD Securities Index (NSI) and total market capitalisation rose by 0.24%.
WED DEC 17 2025-theGBJournal| Nigerian stocks were higher on Wednesday on renewed investor optimism.
Big gains in FIRSTHOLDCO (+10.0%), and ACCESSCORP (+4.00%) and OKOMUOIL (+6.8%) drove the All-Share Index higher by 0.3% to 149,842.82 points, boosting the Month-to-Date and Year-to-Date returns by +4.4% and to +45.6%, respectively.
Market capitalisation also grew by N244.62 billion, closing at N95.53 trillion.
Losses were seen in some select stocks including WAPCO (-4.39%), TRANSCORP (-2.84%), and PZ (-3.19%).
The total volume of trades advanced by 477.4% to 5.93 billion units, valued at N216.19 billion, and exchanged in 25,205 deals. ETI was the most traded stock by volume and value at 5.25 billion units and NGN 168.66 billion, respectively.
Sectoral performance was mixed, with gains in Insurance (+2.0%) and Banking (+1.5%), indices, while the Industrial Goods (-0.6%) and Oil & Gas (-0.1%) indices declined. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.6x), as 37 tickers gained relative to 23 losers. FIRSTHOLDCO (+10.0%) and LASACO (+10.0%) topped the gainers, while LIVINGTRUST (-10.0%) and INTENEGINS (-9.9%) led the laggards.
At the NASD OTC, market maintained its positive momentum, closing higher as both the NASD Securities Index (NSI) and total market capitalisation rose by 0.24%.
The NSI ended the session at 3,614.64 points, while market capitalisation settled at N2.16 trillion.
Trading activity was mixed, with a sharp 737.32% surge in volume contrasting with a 33.80% decline in total value traded.
SDIGIPLC led the gainers with a 9.38% rise, while SDGOLDEN topped the decliners, falling by 9.81%.
FX
The official FX rate depreciated by 0.2% to N1,460.00/US$1.
The Nigerian Autonomous Foreign Exchange Market (NAFEM) reference rate has so far fallen by 2.00% to close N1,455.50/$US1
Fixed Income
The NTB secondary market traded on a bearish note, as the average yield expanded by 6bps to 17.5%. Across the curve, the average yield contracted at the short (-1bp) end, driven by the demand for the 85DTM (-1bp) bill, but expanded at the mid (+15bps) and long (+5bps) segments due to the sell-off of the 113DTM (+27bps) and 218DTM (+18bps) bills, respectively.
Conversely, the average yield contracted by 2bps to 22.0% in the OMO segment.
The Treasury bond secondary market closed on a bullish note, as the average yield contracted by 2bps to 16.6%.
Across the benchmark curve, the average yield contracted at the short (-4bps) and Mid (-1bp) segments, driven by buying interest in the FEB-2031 (-14bps) and APR-2032(-3bps) bonds, respectively.
The overnight lending rate expanded by 5bps to 22.8% in the absence of any significant funding pressure on the system.
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