…In the NASD OTC market, NSI and market capitalisation lost 6.46% to close at 3,142.6units and 1.84 billion respectively.
…The NTB secondary market traded on a calm note, albeit with a bullish undertone, as the average yield contracted by 1bp to 20.9%.
WED MAY 14 2025-theGBJournal| Nigerian equities market stayed up and in green on Wednesday as investors buying appetite drove benchmark NGX All-Share Index up 0.3% to 109,059.33 points.
the Month-to-Date and Year-to-Date returns settled at +3.1% and +6.0%, respectively while market capitalization settled at N68.54 trillion
NNFM (+10.00%), MAYBAKER(+9.62%) and OANDO(+8.08%) and STANBIC (+5.4%) were the major influence in the market’s positive performance
The total volume of trades increased by 6.6% to 531.29 million units, valued at N19.81 billion, and exchanged in 14,870 deals.
GTCO was the most traded stock by volume at 53.27 million units, while MTNN was the most traded stock by value at N5.59 billion.
Sectoral performance was broadly positive as the Consumer Goods (+1.3%), Oil & Gas (+0.8%), Banking (+0.6%), and Insurance (+0.2%) indices advanced while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 32 tickers gained relative to 24 losers.
NNFM (+10.0%) and MCNICHOLS (+10.0%) led the gainers, while MULTIVERSE (-9.6%) and LEGENDINT (-5.4%) recorded the most significant losses of the day.
In the NASD OTC market, NSI and market capitalisation lost 6.46% to close at 3,142.6units and 1.84 billion respectively.
Trade volume decreased by 99.59% to close at 1,711,538units, and value edged lower by 94.15% to close at 61.66 mmillion. This indicates weak investors sentiment and participation.
At the official foreign exchange market, the naira rallied again against the dollar, firming by 0.1% to N1,596/US$1 from N1,597 seen on Tuesday.
At the fixed income market, the FGN bond secondary market traded with bullish sentiments as the average yield contracted by 2bps to 18.7%.
Across the benchmark curve, the average yield expanded at the short (+2bps) end following profit taking activities on the MAR-2027 (+7bps) bond but contracted at the mid (-3bps) and long (-3bps) segments, driven by buying interest in the APR-2032 (-11bps) and APR-2049 (-18bps) bonds, respectively.
The NTB secondary market traded on a calm note, albeit with a bullish undertone, as the average yield contracted by 1bp to 20.9%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments driven by demand for the 85DTM (-1bps), 120DTM (-2bps) and 344DTM (-2bps) bills, respectively.
Similarly, the average yield contracted by 2bps to 26.8% in the OMO segment.
The overnight lending rate expanded by 92bps to 29.4% in the absence of any significant funding pressure on the system.
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