…The NASD OTC Securities Exchange closed on the negative today, with the NASD Securities Index (NSI) losing 0.33%
…Treasury bill secondary market were bullish, as the average yield contracted by 21bps to 20.6%
WED JUNE 11 2025-theGBJournal|Nigeria equities market climbed Wednesday with the All-Share Index advancing 0.6% to 114,659.11 points.
Market capitalization equally climbed 0.6% to N72.30 trillion as the Month-to-Date and Year-to-Date returns settled at +2.6% and +11.4%, respectively.
The total volume of trades declined by 27.8% to 471.15 million units, valued at N14.19 billion, and exchanged in 20,538 deals.
FCMB was the most traded stock by volume at 40.29 million units, while SEPLAT was the most traded stock by value at N1.62 billion.
Gains were seen in DANGCEM (+4.5%), MTNN (+3.2%), OANDO (+6.32%), FIDSON(+9.91%), and BERGER (+9.98%) while NESTLE (-5.69)%), VITAFOAM (-6.64%), and INTBREW (-4.11%) shares fell.
Sectoral performance was negative, as the Consumer Goods (-1.4%), Industrial Goods (-1.0%), Banking (-0.5%) and Insurance (-0.4%) indices declined while the Oil & Gas (+0.7%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was positive (1.1x), as 30 tickers gained relative to 28 losers.
ABCTRANS (+10.0%) and BETAGLAS (+10.0%) led the gainers, while ABBEYBDS (-7.5%) and NCR (-7.1%) posted the most significant losses of the day.
The NASD OTC Securities Exchange closed on the negative today, with the NASD Securities Index (NSI) losing 0.33% to end the session at 3,337.2 points. However, market capitalization decreased by the same margin to N1.95 trillion.
Despite the performance, trading activity increased sharply. Volume traded increased by 1,232.60% to 3,316.59 units, and the total value of transactions increased by 31.76% to N12.92 million.
A total of 44 deals were executed during the session, representing a 46.67% increase in trade count.
The naira dived after reaching a high of N1,540.00 against the dollar on Tuesday.
It closed 0.2% to N1,543.00/US$1 lower today at the official FX market.
The overnight lending rate was unchanged at 27.0% as the average system liquidity settled at a net long position of N881.65 billion.
At the fixed income market, Treasury bill secondary market were bullish, as the average yield contracted by 21bps to 20.6%.
Across the curve, the average yield contracted at the short (-5bps), mid (-16bps) and long (-21bps) segments, driven by demand for the 85DTM (-97bps), 176DTM (-79bps) and 183DTM (-75bps) bills, respectively.
Conversely, the average yield expanded by 11bps to 25.9% in the OMO segment.
The FGN bond secondary market traded on a quiet note, as the average yield closed flat at 18.5%.
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