TUE OCT 13 2026-theGBJournal| The Nigerian equities market kicked off the week on a bearish note, with sell-offs in ZENITHBANK (-4.2%), FIRSTHOLDCO (-2.5%), ACCESSCORP (-4.2%) and OANDO (-7.6%), driving the All-Share Index lower by 0.3% to 247,736.20 points.
The fall resulted in the Month-to-Date and Year-to-Date returns settling at -1.4% and +59.2%, respectively.
The total volume traded advanced by 38.1% to 405.39 million units, valued at N19.87 billion, and exchanged in 52,977 deals.
ACCESSCORP was the most traded stock by volume at 33.28 million units, while ZENITHBANK was the most traded stock by value at N3.63 billion, respectively.
Sectoral performance was mixed as the Banking (-1.8%) and Oil & Gas (-0.2%) indices closed lower, while the Insurance (+0.1%) and Consumer Goods (+0.1%) indices advanced. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 25 tickers gained relative to 31 losers. SUNUASSUR (-9.9%) and CMFC (-9.8%) led the laggards, while NEIMETH (+10.0%) and UPDCREIT (+10.0%) posted the most significant gains of the day.
The official FX rate appreciated by 0.1% to N1,331.56/USD.
The overnight lending rate contracted by 13bps to 20.7% in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 2bps to 17.9%.
Across the curve, the average yield contracted at the short (-2bps), mid (-3bps) and long (-1bp) segments, driven by demand for the 73DTM (-3bps), 178DTM (-3bps) and 346DTM (-3bps) bills, respectively. Similarly, the average yield contracted by 74bps to 17.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 5bps to 15.9%.
Across the benchmark curve, the average yield expanded at the short (+8bps), mid (+6bps) and long (+2bps) segments, driven by selloffs of the FEB-2031 (+20bps), JUN-2033 (+30bps) and JUN-2053 (+11bps) bonds, respectively.
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