…The total volume traded decreased by 20.0% to 408.72 million units, valued at N11.26 billion, and exchanged in 14,174 deals.
…The T-bills secondary market were bullish, as the average yield contracted by 7bps to 22.0%
TUE FEB 18 2025-theGBJournal| The Nigerian equities market closed on a bearish note in today’s session, as profit-taking activities in FBNH (-2.8%) and ZENITHBANK (-1.4%) weighed down the All-Share Index by 0.3% to 107,670.98 points. Sequentially, the Month-to-Date and Year-to-Date returns printed +3.0% and +4.6%, respectively.
The total volume traded decreased by 20.0% to 408.72 million units, valued at N11.26 billion, and exchanged in 14,174 deals. ACCESSCORP was the most traded stock by volume at 54.78 million units, while GUINNESS was the most traded stock by value at NGN2.24 billion.
Across sectors, the Banking (-1.0%), Consumer Goods (-0.4%), Oil & Gas (-0.2%) and Industrial Goods (-0.2%) indices declined, while the Insurance (+2.6%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was negative (0.4x), as 15 tickers gained relative to 39 losers. UNIONDICON (-9.8%) and UPDC (-9.1%) posted the most notable losses of the day, while SUNUASSUR (+9.6%) and NEIMETH (+8.8%) led the gainers.
The official FX rate appreciated by 0.2% to NGN1,510.33/USD.
The overnight lending rate contracted by 10bps to 32.7% following inflows from OMO maturities (NGN10.00 billion).
Trading activities in the T-bills secondary market were bullish, as the average yield contracted by 7bps to 22.0%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp), and long (-12bps) segments following the demand for the 79DTM (-1bp), 170DTM (-1bp), and 289DTM (-90bps) bills, respectively.
Similarly, the average yield contracted by 49bps to 25.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note as the average yield contracted by 10bps to 19.9%.
Across the benchmark curve, the average yield declined at the short (-31bps) and mid (-2bps) segments due to interest in the MAR-2027 (-75bps) and JUL-2030 (-30bps) bonds, respectively but remained unchanged at the long end.
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