TUE DEC 23 2025-theGBJournal| Nigerian equities market rose on Monday as the Exchange entered a holiday shortened week, while fixed income market capitalization dipped slightly by 0.05% to N51.54 trillion with yields sliding.
The benchmark NGX All Share Index (ASI) rose by 0.26% to 152,459.07 points with the year-to-date (YTD) return rising along to 48.12% from 47.73% in the previous trading day, while the market capitalisation gained N256.10 billion, to settle at N97.19 trillion.
This sentiment was influenced by buying interest in BUACEM (+2.35%), FIRSTHOLDCO (+2.34%), INTBREW (+4.2%) and PRESCO (+1.40%).
Selloffs were however seen in UBA (-2.50%), CUSTODIAN (-10.00%), and ZENITH (-0.47%) stocks.
The total volume of trades declined by 71.0% to 436.20 million units, valued at N12.83 billion, and exchanged in 33,008 deals.
TANTALIZER (-4.09%) led the top stock by volume with 50.18m units, while ARADEL (0.00%) led the stocks by value with N1.51 billion worth of trades.
Market breadth settled positive at 1.7x, reflecting a higher number of gainers than losers. ALEX (+9.72%) topped the thirty-four gainers, while ABCTRANS (-10.00%) led the twenty decliners, with the remaining stocks closing flat.
NASD Summary
The NASD opened the week with a bullish sentiment, as the NASD OTC Securities Index (NSI) and market capitalisation gained by 0.16%, closing at 3,552.06 points and N2.13 trillion, respectively.
Market activity was positive, with the transaction volume and value surging by 532.99% while value declined by 789.06%.
SDGOLDEN (+9.11%) led the market gainers, while SDFCWAMCO (-0.37%) topped the decliners in today’s session.
At the fixed income market, activities in the Treasury bills secondary market was bullish as the average yield contracted by 3bps to 17.6%.
Across the curve, the average yield contracted at the short (-2bps), mid (-2bps), and long (-3bps) segments driven by the demand for the 59DTM (-3bps), 171DTM (-3bps) and 346DTM (-4bps) bills, respectively.
Likewise, the average yield contracted by 4bps to 22.0% in OMO segment.
The FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 16.6%, while the overnight lending rate contracted by 15bps to 22.7%, following inflows from FGN bond coupon payments (NGN242.07 billion).
The official FX rate depreciated by 1.2% to N1,460.00/US$.
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