THUR FEB 20 2025-theGBJournal|The NGX All-Share Index fell marginally on Thursday by 0.04%, reflecting cautious market sentiment even as the market capitalization dipped N67.66 trillion.
Trading volume surged by 22.56% while total transaction value dropped by 2.40%.
ELLAHLAKES led in volume with 136.68m shares, while GTCO topped in value at N1.31bn.
Sectoral performance was mixed as the Oil & Gas (-1.0%) and Banking (-0.7%) indices declined, while the Consumer Goods (+0.7%) and Insurance (+0.1%) indices advanced. The Industrial Goods index remained unchanged.
Market breadth stood at 1.33, suggesting a bullish undertone as advancing stocks outpaced decliners, despite the index’s slight pullback.
The official FX rate appreciated by 1.0% to N1,494.03/USD.
At the fixed income market, the FGN bond secondary market was bullish as the average yield declined by 15bps to 19.6%.
Across the benchmark curve, the average yield decreased at the long (-31bps) end, driven by interest in the JAN-2042 (-90bps) bond, while it closed flat at the short and mid segments.
The Treasury bills secondary market traded with bullish sentiments as the average yield declined by 175bps to 20.2%.
Across the curve, the average yield declined at the short (-173bps), mid (-146bps), and long (-187bps) segments, driven by demand for the 14DTM (-306bps), 168DTM (-205bps), and 259DTM (-378bps) bills, respectively.
Similarly, the average yield declined by 2bps to 25.5% in the OMO segment.
Meanwhile, The overnight lending rate declined by 17bps to 32.7% despite net NTB issuances (N77.41 billion).
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