WED MAY 06 2026-theGBJournal| Nigerian equities market relapsed on Tuesday as losses in MTNN (-8.7%), WAPCO (-2.2%), GUINNESS (-10.0%), FIRSTHOLDCO (-3.8%) and STANBIC (-2.2%) stocks led to a 0.5% decline in the All-Share Index to 241,849.25 points.
Consequently, the Month-to-Date and Year-to-Date returns moderated to -0.2% and +55.4%, respectively, while market capitalisation also fell by 0.58% to settle at N155.15 trillion.
The total volume of trades increased by 3.6% to 1.00 billion units, valued at N58.07 billion, and exchanged in 87,753 deals.
FCMB was the most traded stock by volume at 160.59 million units, while GTCO was the most traded stock by value at N13.09 billion.
On Sectors, the Industrial Goods (+2.5%), Insurance (+0.9%) and Consumer Goods (+0.4%) indices closed higher, while the Oil & Gas (-2.9%) and Banking (-1.2%) indices declined.
As measured by market breadth, market sentiment was positive (1.7x), as 44 tickers gained relative to 26 losers.
RTBRISCOE (+10.0%) and VITAFOAM (+10.0%) led the gainers, while GUINNESS (-10.0%) and UNIONDICON (-9.8%) recorded the highest losses of the day.
In contrast, the NASD OTC market closed on a positive note, as the NASD Security Index (NSI) advanced by 0.85% to 4,060.94 points, with market capitalisation rising in tandem by 0.85% to settle at N2.43 trillion.
Market activity weakened, as trading volume and value declined by 9.55% and 12.62%, respectively.
SDNASDPLC (+16.41%) emerged as the top gainer, while SDFOODCPT (-2.12%) led the decliners’ chart.
Meanwhile, the naira appreciated by 0.4% to N1,362.00/US$1
At the fixed income market, money market liquidity decreased by 78.73% to N1.18 trillion from N5.56 trillion. In contrast, the Overnight Rate down 11bps to 22.12%. Meanwhile, the NOFR and Open Repo Rate remained unchanged.
Elsewhere, the FGN bond market faced mild pressure with a 1bp rise in average yield to close at 16.09% from 16.08%.
While sentiment in short-tenor maturities improved with 5bps dip in yields, the mid-segment and long end stayed largely muted.
Trading activity improved in the NTB market as average yields declined marginally by 1bp to 17.48% (from 17.49%).
Nigeria’s Eurobond market extended its bullish streak, with average yields falling 2.5bps to 6.77% from 6.79%. However, sell pressure was seen at the short end of the curve, notably, the 2027 and 2029 maturities.
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