WED SEPT 09 2026-theGBJournal| Bearish sentiments dominated the local bourse Tuesday as sell pressures in FIRSTHOLDCO (-9.3%), MTNN (-2.4%), ZENITHBANK (-3.9%) and TRANSCORP (-5.4%) dragged the All-Share Index lower by 1.2% to 244,802.11 points.
Consequently, the Month-to-Date and Year-to-Date returns settled at +0.3% and +57.3%, respectively, while market capitalisation declined by 1.17% to close at N158.72 trillion.
The total volume traded advanced by 84.6% to 753.317 million units, valued at N27.82 billion, and exchanged in 54,051 deals.
NEM was the most traded stock by volume and value at 131.73 million units and NGN4.07 billion, respectively.
Sectoral performance was negative, as the Banking (-4.2%), Insurance (-2.8%), Consumer Goods (-0.3%), Industrial Goods (-0.2%) and Oil & Gas (-0.1%) indices declined.
As measured by market breadth, market sentiment was negative (0.1x), as 4 tickers gained relative to 63 losers.
AVACAP (-10.0%) and FTGINSURE (-9.9%) led the losers, while ELLAHLAKES (+7.1%) and NGXGROUP (+1.4%) posted the most significant gains of the day.
The NASD OTC market closed today’s session on a positive note, as the NASD Security Index (NSI) appreciated by 0.17% to 4,495.79 points.
Market capitalisation also appreciated by 0.17% to N2.70 trillion, while the market’s year-to-date (YTD) return improved to 26.87%, from 26.65% in the previous session.
Trading activity was mixed, with traded volume decreasing by 44.18% to 215,005 units, while transaction value increased by 84.21% to N33.24 million.
A total of 19 trades were executed, representing a 9.52% decrease from the previous session.
On the performance chart, SDNASDPLC (+9.09%) led the gainers, while SDAFRILAND (-7.45%) emerged as the session’s top loser.
Meanwhile, The official FX rate appreciated by 2bps to N1,320.28/USD.
At the fixed-income market, The overnight lending rate contracted by 3bps to 22.2% in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 4bps to 18.8%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-8bps) segments, driven by demand for the 86DTM (-1bp), 93DTM (-4bps) and 212DTM (-24bps) bills, respectively. Similarly, the average yield contracted by 3bps to 20.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note as the average yield contracted by 13bps to 16.4%.
Across the benchmark curve, the average yield contracted at the short (-6bps), mid (-5bps), and long (-25bps) segments, driven by demand for APR-2029 (-31bps), FEB-2034 (-15bps), and APR-2049 (-51bps) bonds, respectively.
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