TUE FEB 18 2025-theGBJournal| The NGX All-Share Index fell by 0.1% to 107,937.74 points on Monday as sell pressure eat up TRANSCORP shares (-1.2%).
The pressure drove the index Month-to-Date returns and Year-to-Date returns to 3.3% and +4.9%, respectively while wiping off N72.51 billion in market capitalization, reflecting profit-taking and weak sentiment.
IKEJAHOTELS (-10.00%), LEARNAFRCA (-10.00%), CORNEST (-9.80%), and UPDC (-9.79%) equally helped to drag the market lower.
The total trading volume increased by 6.8% to 511.10 million units, valued at NGN12.81 billion, and exchanged in 17,095 deals. ACCESSCORP was the most traded stock by volume and value at 143.65 million units and NGN4.03 billion, respectively.
Analysing by sectors, the Insurance (-1.7%), Oil & Gas (-1.1%), and Banking (-0.4%) indices declined, while the Consumer Goods (+1.4%) and Industrial Goods (+0.1%) indices advanced.
As measured by market breadth, market sentiment was negative (0.4x), as 18 tickers gained relative to 41 losers. IKEJAHOTEL (-10.0%) and LEARNAFRICA (-10.0%) led the losers, while NB (+10.0%) and CADBURY (+10.0%) recorded the highest gains of the day.
The official FX rate equally depreciated, falling by 0.2% to N1,512.58/USD.
At fixed income market, the Treasury bills secondary market traded with bullish sentiments as the average yield declined by 4bps to 22.0%.
Across the curve, the average yield declined at the short (-4bps), mid (-4bps), and long (-4bps) segments, driven by demand for the 80DTM (-4bps), 176DTM (-4bps), and 262DTM (-4bps) bills, respectively.
Similarly, the average yield declined by 6bps to 26.4% in the OMO segment.
The FGN bond secondary market was quiet as the average yield closed flat at 20.0%. Across the benchmark curve, the average yield decreased at the mid (-2bps) segment, driven by interest in the FEB-2031 (-7bps) bond, while it closed flat at the short and long ends.
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