MON NOV 03 2025-theGBJournal| The Nigerian equities market fell on Monday to start November, driven by profit-taking in key names, including ACCESSCORP (-3.1%), ARADEL (-9.2%), UNILEVER (-4.3%), and DANGSUGAR (-2.6%).
The All-Share Index lower by 0.3% to 153,739.11 points. Consequently, the Year-to-Date returns moderated to +49.4%.
The total volume of trade declined by 87.9% to 627.50 million units, valued at N25.00 billion, and exchanged in 36,425.00 deals.
UBA was the most traded stock by volume and value, at 136.84 million units and N5.54 billion, respectively.
Sectoral performance was mixed as the Oil & Gas (-3.9%), Insurance (-1.5%) and Banking (-0.2%) indices closed lower, while the Consumer Goods (+0.5%) index was the sole gainer of the day. The Industrial Goods index remained unchanged.
As measured by market breadth, market sentiment was negative (0.5x), as 36 tickers lost relative to 19 gainers.
HONYFLOUR (-10.0%) and NNFM (-10.0%) posted the most significant losses of the day, while UNIONDICON (+10.0%) and OMATEK (+10.0%) led the gainers.
Naira traded on a positive note on Monday, as the official exchange rate appreciated by 0.2% to N1,436.50/US$1to begin the week.
This is coming on the back of two consecutive weeks of gains.
Meanwhile, activities in the Treasury bills secondary market was quiet, albeit with a bullish tone, as the average yield contracted by 1bp to 17.5%.
Across the curve, the average yield contracted at the short (-2bps) and mid (-3bps) segments, driven by the demand for the 80DTM (-3bps) and 122DTM (-9bps) bills, respectively but remained unchanged at the long end.
Similarly, the average yield contracted by 6bps to 22.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 2bps to 15.8%.
Across the benchmark curve, the average yield contracted at the short (-6bps) and mid (-2bps) segments, driven by demand for the FEB-2028 (-26bps) and APR-2032 (-6bps) bonds respectively, but remained unchanged at the long end.
The overnight lending rate remained unchanged at 24.9%.
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