…The NASD Securities Index (NSI) rebounded by 0.65% to end the session at 3,267.8 points, effectively reversing the previous session’s losses.
…The Treasury bond secondary market was quiet, as the average yield closed flat at 18.5%
TUE JUNE 03 2025-theGBJournal| The NGX All-Share Index ticked higher Tuesday, fueled by strong gains in cement leader Dangote Cement (DANGCEM (+2.3%) and banking giants FIRSTHOLDCO (+8.8%), and GTCO (+2.1%) as well as HONYFLOUR (+10.00%), as investors digest positive corporate earnings forecast for Q3 2025.
The All-Share Index ended the days trading session 0.4% higher to 112,427.48 points. Market capitalization also rose 0.37%, ending the day at N70.89 trillion.
The Month-to-Date and Year-to-Date returns settled at +0.6% and +9.2%, respectively.
ACCESSCORP (-0.68%), UBA (-0.58%), and ZENITHBANK (-0.72%) stocks dipped slightly amid directors dealings on their shares.
The total volume traded increased by 20.2% to 622.64 million units, valued at NGN16.12 billion, and exchanged in 17,044 deals.
FIDELITYBK was the most traded stock by volume at 108.17 million units, while GTCO was the most traded stock by value at N2.80 billion.
On sectors, the Banking (+1.4%), Consumer Goods (+1.1%), Industrial Goods (+1.0%) and Insurance (+0.8%) indices advanced, while the Oil & Gas (-0.2%) index declined.
As measured by market breadth, market sentiment was positive (1.1x), as 34 tickers gained relative to 31 losers.
HONYFLOUR (+10.0%) and SCOA (+10.0%) led the gainers, while CONOIL (-10.0%) and LEARNAFRCA (-10.0%) recorded the most significant losses of the day.
On the NASD OTC Securities Exchange, the NASD Securities Index (NSI) rebounded by 0.65% to end the session at 3,267.8 points, effectively reversing the previous session’s losses.
However, market capitalization declined by the same margin to N1.91 trillion.
Trading activity picked up sharply. Volume traded rose by 246.69% to 360,218 units, while the total value of transactions climbed by 35.40% to N22.89mn. A total of 40 deals were executed during the session, representing a 21.21% increase in trade count.
FX Market
Meanwhile, the naira strengthened further on Tuesday against the U.S dollar at the official FX market, climbing by 0.2% to N1,581.96/US$1 from N1,585.50, signifying loosening demand pressures.
Looking ahead, the trajectory of global oil prices remains a key factor influencing Nigeria’s FX reserves and, by extension, exchange rate stability.
Fixed Income
Proceedings in the NTB secondary market was quiet, as the average yield remained unchanged at 20.7%.
Across the curve, the average yield contracted at the short (-1bp) and long (-1bp) ends, driven by the demand for the 79DTM (-1bp) and 289DTM (-2bps) bills, respectively, but expanded at the mid (+2bps) segment, following profit taking activities on the 170DTM (+22bps) bill.
Meanwhile, the average yield contracted by 2bps to 26.0% in the OMO segment.
The Treasury bond secondary market was quiet, as the average yield closed flat at 18.5%.
Money Market
The overnight lending rate contracted by 2bps to 26.9% in the absence of any significant inflows into the system.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
