…NESTLE (+10.00%), JBEREGER (+8.19%), and TRANSCOHOT (+9.40%) gain
…The overnight lending rate contracted by 10bps to 22.8% in the absence of funding pressures on the system
THUR FEB 12 2026-theGBJournal| The bullish sentiment in the Nigerian exchange market continued on Wednesday for the third consecutive session as the ASI and market capitalization advanced by 0.78%, closing at 178,184.35 points and N114.38 trillion, respectively.
Consequently, the year-to-date (YTD) return rose to 14.50% from 13.62%.
Gains in NESTLE (+10.00%), JBEREGER (+8.19%), and TRANSCOHOT (+9.40%) offset losses in NGXGROUP(-3.45%), HONYFLOUR (-9.70%), and CARDBURY (-2.99%), keeping the market in positive side.
Trading activity declined in today’s session as volume and value were down by 27.92% and 32.51%, respectively. TANTALIZER (+9.96%) led in volume with 85.32m units traded, while ARADEL (0.00%) led in value with transactions worth N2.98 billion.
Market breadth closed positive at 1.53x, with advancers significantly outpacing decliners. CONHALLPLC (+10.00%) topped the gainers’ chart among 49 advancing stocks, while HONYFLOUR (-9.70%) led the 32 laggards.
NASD Summary
The NASD OTC market also closed the session on a positive note, as NASD Securities Index (NSI) and market capitalisation rose by 0.74% to close at 3,858.81 points and N2.31trn, respectively.
Market activity increased as the volume and value of transactions rose by 15181.37% and 422.85%, respectively.
SDAIRLIQ (+9.04%) led the market gainers, while SDNASDPLC (-11.11%) topped the market losers.
At the fixed income market, activities in the Treasury bills secondary market were bullish, as the average yield contracted by 3bps to 17.5%. Across the curve, the average yield contracted at the short (-2bps), mid (-7bps) and long (-2bps) segments due to the demand for the 43DTM (-7bps), 99DTM (-25bps) and 358DTM (-41bps) bills, respectively. Similarly, the average yield contracted by 7bps to 21.6% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note, as the average yield expanded by 1bp to 15.9%. Across the benchmark curve, the average yield expanded at the mid (+3bps) segment, driven by sell pressures on the JUL-2034 (+15bps) bond, but remained unchanged at the short and long end.
The overnight lending rate contracted by 10bps to 22.8% in the absence of funding pressures on the system.
Meanwhile, the official FX rate appreciated by 0.4% to NGN1,350.00/USD.
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