THUR OCT 23 2025-theGBJournal| The Nigerian equities rose on Thursday, boosted by MTNN (+2.0%), WAPCO (+8.6%), and ARADEL (+3.9%) stocks, as investors confidence firms.
The benchmark All-Share Index closed 0.5% higher to 154,489.90 points while the Month-to-Date and Year-to-Date returns settled at +8.3% and +50.1%, respectively. Market capitalisation expanded by N478.26 billion settling at N98.06 trillion
The total volume traded advanced by 57.2% to 926.92 million units, valued at N26.95 billion and exchanged in 30,703 deals.
JAPAULGOLD was the most traded stock by volume at 436.05 million units, while WAPCO was the most traded stock by value at N6.98 billion, respectively.
Sectoral performance was mixed as the Industrial Goods (+3.1%) and Oil & Gas (+1.1%) indices advanced while the Insurance (-1.3%), Banking (-1.1%) and Consumer Goods (-0.9%) indices declined.
As measured by market breadth, market sentiment was negative (0.9x), as 33 tickers gained relative to 36 losers. TIP (+10.0%) and PZ (+10.0%) led the gainers, while JOHNHOLT (-9.7%) and MULTIVERSE (-9.7%) led the laggards.
At the official forex market, the naira fell The official FX rate depreciated by 0.1% to N1,463.34/US$.
At the money market, the overnight lending rate remained unchanged at 24.9%, closing at a net long position (N3.00 trillion).
The NTB secondary market traded on a calm note, albeit with a bullish undertone, as the average yield pared by 1bp to 17.3%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments, driven by the demand for the 77DTM (-1bp), 182DTM (-1bp), and 350DTM (-1bp) bills, respectively.
Similarly, the average yield contracted by 1bp to 21.6% in the OMO segment.
Elsewhere, the FGN bond secondary market was quiet, as the average yield remained unchanged.
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