…The NASD Securities Index (NSI) and market capitalisation rise by 0.15%, to close at 3,613.06 points and N2.16 trillion, respectively
…The overnight lending rate expanded by 4bps to 22.8% despite inflows from OMO maturities (N1.07 trillion).
WED DEC 10 2025-theGBJournal| Nigerian shares ended slightly negative on Tuesday as investors bank some profit after two days of gains.
TRANSCORP (-10.0%) and OKOMUOIL (-6.5%), UACN (-9.09%), and ETERNA (-10.00%)) shares fell sharply, offset buying interests in stocks such as JAPAULGOLD (+.5.50%), MECURE (+8.72%), and TIP (+4.48%), and driving the All-Share Index down by 0.3% to 146,940.29 points.
Consequently, the Month-to-Date and Year-to-Date returns settled lower at +2.4% and +42.8%, respectively.
The total volume of trades advanced by 258.3% to 1.97 billion units, valued at N30.23 billion, and exchanged in 23,038 deals.
ETRANZACT was the most traded stock by volume and value at 1.03 billion units and N7.50 billion, respectively.
Sectoral performance was mixed as the Insurance (-1.5%), Industrial Goods (-0.1%), and Banking (-0.1%) indices declined, while the Oil & Gas index (+0.1%) advanced. The Consumer Goods index remained unchanged.
As measured by market breadth, market sentiment was negative (0.7x), as 21 tickers gained relative to 31 losers.
ETERNA (-10.0%) and AUSTINLAZ (-10.0%) led the laggards, while LEARNAFRCA (+9.5%) and MECURE (+8.7%) posted the most significant gains of the day.
At the NASD, the week continued on a positive note, with the NASD Securities Index (NSI) and market capitalisation rising by 0.15%, to close at 3,613.06 points and N2.16 trillion, respectively.
Market activity was notably up, with both transaction volume and value increasing by 39.85% and 120.58%, respectively.
SDCSCSPLC (+2.27%) was the only gainer in the market today, while SDUBNPROP (-11.06%) led the two decliners.
At the fixed income market, the Debt Management Office (DMO announced the opening of subscriptions for a new round of Federal Government bond auctions totalling N460 billion.
The offer consists of two re-openings of previously issued instruments: N230 billion of the 17.945% FGN August 2030 (5-Year Re-opening) and N230 billion of the 17.95% FGN June 2032 (7-Year Re-opening).
According to the official circular issued on Monday, the auction is scheduled for December 15, 2025, while successful bidders will settle their allotments on December 17, 2025.
Meanwhile, the FGN bond secondary market traded on a bearish note on Tuesday, as the average yield expanded by 60bps to 16.5%.
Across the curve, the average yield expanded at the short (+29bps), mid (+136bps) and long (+50bps) segments driven by sell pressures on the APR-2029 (+60bps), JUL-2034 (+154bps) and MAR-2036 (+131bps) bonds, respectively.
The Nigerian Treasury Bills (NTB) secondary market also traded on a bearish note as the average yield expanded by 43bps to 17.8%.
Across the curve, the average yield expanded at the short (+30bps), mid (+112bps) and long (+6bps) segments, driven by the selloffs of the 72DTM (+144bps), 163DTM (+143bps), 191DTM (+119bps) bills, respectively. Conversely, the average yield contracted by 1bp to 22.0% in the OMO segment.
The overnight lending rate expanded by 4bps to 22.8% despite inflows from OMO maturities (N1.07 trillion).
Meanwhile, the official FX rate remained unchanged at N1,447.00/US$1.
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