…The NASD OTC Securities Exchange opened the week positively, with the NASD Securities Index (NSI) gaining 0.28% to end the session at 3,267.8 points.
…Treasury bill secondary market were bullish, as the average yield contracted by 6bps to 20.8%
TUE JUNE 10 2025-theGBJournal| Nigerian equities gave up much of last weeks gains as the local currency, Naira climbed to a new high in 2025 again, confirming confidence.
At close of trade on Tuesday, the benchmark All-Share Index was down 0.52% to close at 114,017.48 points while market capitalization fell also by 0.52% N71.89 trillion respectively.
The total volume of trades declined by 55.4% to 652.64 million units, valued at N18.88 billion, and exchanged in 23,978 deals.
ACCESSCORP was the most traded stock by volume at 88.30 million units, while GTCO was the most traded stock by value at N3.34 billion.
The Consumer Goods (+2.6%) and Banking (+0.3%) indices advanced, while the Oil & Gas (-2.8%), Insurance (-0.6%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.4x), as 34 tickers gained relative to 25 losers.
BERGER (+10.0%) and DAARCOMM (+10.0%) led the gainers, while RTBRISCOE (-10.0%) and JOHNHOLT (-9.9%) recorded the most significant losses of the day.
The NASD OTC Securities Exchange opened the week positively, with the NASD Securities Index (NSI) gaining 0.28% to end the session at 3,267.8 points.
However, market capitalization increased by the same margin to N1.96 trillion.
Despite the bullish performance, trading activity declined sharply.
Volume traded declined by 58.13% to 248,882.0 units, and the total value of transactions declined by 67.24% to N9.81 million.
A total of 30 deals were executed during the session, representing a 46.43% decline in trade count, suggesting few trades drove the positive sentiment.
Meanwhile, the naira market stayed stable, strengthening against the dollar driven by the global nuances and positive sentiment in the official forex market.
The currency closed 0.7% to N1,540.00/US$.
At the fixed income market, the FGN bond secondary market traded on a quiet note, albeit with a bullish undertone, as the average yield pared by 1bp to 18.5%.
Across the benchmark curve, the average yield expanded at the short (+1bp) end, driven by profit-taking activities in the FEB-2028 (+2bps) bond, but contracted at the mid (-5bps) segment due to the demand for the JUL-2034 (-25bps) bond. The average yield remained unchanged at the long end.
Proceedings in the Treasury bill secondary market were bullish, as the average yield contracted by 6bps to 20.8%.
Across the curve, the average yield contracted at the short (-4bps), mid (-5bps) and long (-7bps) segments, driven by the demand for the 86DTM (-5bps), 177DTM (-6bps) and 345DTM (-8bps) bills, respectively.
Similarly, the average yield contracted by 7bps to 25.8% in the OMO segment.
The overnight lending rate contracted by 1bp to 27.0% in the absence of any significant inflows into the system.
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