TUE APRIL 07 2026-theGBJournal| The Nigerian equities market began the shortened trading week on a positive note Tuesday, with the NGX All-Share Index advancing by 0.2% to 202,023.13 points, buoyed by renewed investor interest in select stocks.
Market capitalisation also gained N191.23 billion (+0.16%), settling at N130.01 trillion. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +0.4% and +29.8%, respectively.
Gains in FIRSTHOLDCO (+9.1%) and GTCO (+2.5%), FIRSTHOLDCO (+9.10%), NGXGROUP (+3.03%), and CADBURY (+9.53%), outweighed sell pressure in CWG (-9.95%), JOHNHOLT (-9.71%), and ELLAHLAKES (-10.00%).
The total volume traded increased by 105.9% to 1.15 billion units, valued at NGN40.28 billion, and exchanged in 78,006 deals. WEMABANK was the most traded stock by volume and value at 282.58 million units and N7.29 billion, respectively.
Sectoral performance was mixed as the Banking (+1.5%), Oil & Gas (+0.1%) and Consumer Goods (+0.1%) indices closed higher, while the Insurance (-1.4%) and Industrial Goods (-0.3) indices declined.
As measured by market breadth, market sentiment was negative (0.6x), as 22 tickers gained relative to 37 losers. TRANSEXPR (+9.9%) and OMATEK (+9.8%) led the gainers, while ELLAHLAKES (-10.0%) and DAARCOMM (-10.0%) posted the most significant losses of the day.
In contrast, opening the week, the NASD OTC market continued its bearish momentum, as both the NASD Securities Index (NSI) and market capitalisation declined by 1.61%.
Market activity weakened significantly in today’s session, with traded volume and value plunging by 99.69% and 83.06%, respectively, reflecting subdued investor participation.
On the price movement front, SDUBNPROP (+9.17%) emerged as the top gainer, while SDCSCSPLC (-8.80%) recorded the steepest decline for the session.
At the same time, the naira posted modest gains across key segments of the foreign exchange market, reflecting improved sentiment.
The official FX rate appreciated by 0.2% to settle at N1,379.79/USD.
However, activity in the fixed income space remained mixed, as investors navigated shifting yields and liquidity conditions.
The Treasury bills average yield contracted by 4bps to 17.6%.
Across the curve, the average yield contracted at the short (-4bps), mid (-4bps), and long (-5bps) segments, driven by the demand for the 79DTM (-4bps), 170DTM (-4bps), and 275DTM (-24bps) bills, respectively.
Similarly, the average yield contracted by 94bps to 19.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a quiet note albeit with a bearish tilt as the average yield expanded by 1bp to 15.5%.
Across the benchmark curve, the average yield expanded at the mid (+2bps) segment due to sell pressures on the JUN-2033 (+8bps) bond, but remained unchanged at the short and long ends.
The overnight lending rate contracted by 6bps to 22.3% following inflows from OMO maturities (N2.12 trillion).
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