…The NASD OTC Securities Index (NSI) and market capitalisation declined by 0.34%, closing at 3,579.47 points and N2.14 trillion, respectively
WED DEC 03 2025-theGBJournal| Nigerian stocks ticked higher on Tuesday, with DANGCEM (+10.0%), UBA (+3.8%), GUINNESS (+7.8%) and INTBREW (+10.0%) driving the markets performance after days of losses.
The benchmark All-Share Index higher by 1.2% to 144,928.36 points. Consequently, the Month-to-Date and Year-to-Date returns inched higher to +1.0% and +40.8%, respectively.
Similarly, market capitalisation increased by 1.41% to settle at N92.38 trillion.
The total volume of trade declined by 58.7% to 606.25 million units, valued at N39.69 billion, and exchanged in 14,791 deals.
ACCESSCORP was the most traded stock by volume at 310.25 million units, while SEPLAT was the most traded stock by value at N22.48 billion.
Sectoral performance was broadly positive as the Industrial Goods (+4.3%), Consumer Goods (+1.1%), Banking (+0.2%), and Insurance (+0.2%) indices advanced. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 26 tickers gained relative to 20 losers.
DANGCEM (+10.0%) and NCR (+10.0%) led the gainers, while IKEJAHOTEL (-9.9%) and LEGENDINT (-9.9%) posted the most significant losses of the day.
The NASD continues the week with a bearish sentiment, as the NASD OTC Securities Index (NSI) and market capitalisation declined by 0.34%, closing at 3,579.47 points and N2.14 trillion, respectively.
Market activity was mixed, with the transaction volume declined by 57.16% while value increased by 147.94%.
SDFCWAMCO (+2.2%) led the market gainers, while SDFOODCPT (-11.17%) was only the decliner in today’s session.
At the income fixed market, the NTB secondary market traded on a quiet note, albeit with a bearish tilt, as the average yield expanded by 1bp to 16.8%.
Across the curve, the average yield contracted at the short (-1bp) and mid (-14bps) segments, driven by the demand for the 79DTM (-1bp) and 93DTM (-27bps) bills, respectively but expanded at the long (+13bps) end following the selloff of the 338DTM (+47bps) bill.
Similarly, the average yield expanded by 11bps to 22.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 15.5%.
Across the curve, the average yield contracted at the short (-5bps) end, driven by the demand for the JAN-2026 (-35bps) bond. The average yield remained unchanged at the mid and long segments.
The overnight lending rate contracted by 6bps to 22.8%, following inflows from OMO maturities (N772.93 billion).
The official FX rate depreciated by 0.4% to NGN1,446.00/US$.
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