TUE MAY 12 2026-theGBJournal| The Nigerian equities market continued on its bullish momentum, as the All Share Index (ASI) rose 0.67% to close at 252,158.23 points.
The year-to-date return rode the trend to 62.04% from 60.97% in the previous session. Market capitalisation also gained N1.36 trillion (+0.85%), to settle at N161.61 trillion.
Positive sentiments were driven by NB (+9.94%), UNILEVER (+7.67%) and ACCESSCORP (+6.22%), which outweighed selloffs in CUSTODIAN (-9.52%), STANBIC (-3.95%) and BUACEMENT (-1.16%).
Market activity strengthened notably, with volume and value rising by 34.04% and 24.55%, respectively. CWG (-4.11%) led the volume chart with 432.90mn units, while ARADEL (+6.89%) topped the value table with N10.53bn worth of trades.
Market breadth was strong at 1.08x, indicating that advancers outpaced decliners.
IKEJAHOTEL (+10.00%) led the forty-one (41) advancers, while CUSTODIAN (-9.52%) topped the thirty-eight (38) market losers.
NASD Summary
The NASD OTC market reversed its positive run from yesterday with the NASD Security Index (NSI) declining by 1.10% to 4,156.52 points. Market capitalisation declined by the same margin to settle at N2.49 trillion.
Market activity appreciated materially, with volume and value rising by 1,041.62% and 294.64%, respectively.
SDIGIPLC (-10.00%) led the market decliners, with no advancers recorded in today’s session.
The official FX rate depreciated by 0.2% to N1,378.00/USD.
A the money market, the overnight lending rate was unchanged at 22.2%.
For the fixed income market, activities in the Treasury bills secondary market were bullish, as the average yield contracted by 4bps to 17.4%.
Across the curve, the average yield contracted at the short (-2bps), mid (-2bps) and long (-7bps) segments, due to the demand for the 72DTM (-14bps), 100DTM (-7bps) and 310DTM (-41bps) bills, respectively. Meanwhile, the average yield contracted by 2bps to 21.0% in the OMO segment.
In the FGN bond secondary market, trading was bullish, as the average yield contracted by 1bp to 15.7%.
Across the benchmark curve, the average yield contracted at the short (-2bps) end, due to demand for the MAR-2027 (-15bps) bond, while it. was unchanged at the mid and long segments.
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