…The NASD Securities Index (NSI) and market capitalisation rose by 1.56%, to close at 3,607.52 points and N2.16 trillion, respectively
…The overnight lending rate remained unchanged at 22.7%.
TUE DEC 09 2025-theGBJournal| Nigerian stocks edged higher Monday, sustaining its momentum from the previous week, supported by interest in fundamentally strong names.
Broadly, sentiment remains mixed but slightly bullish as investors react to liquidity conditions and macro cues.
The benchmark NGX All Share Index (ASI) rose by 0.26% to close at 147,426.95 points. Consequently, the year-to-date return inched up to 43.24% from the 42.86% recorded in the previous session, while the market capitalisation gained N247.20 billion, to settle at N93.97 trillion.
The positive performance was spurred by buying interest in key tier-one banks and large-cap names including, ZENITHBANK (+4.50%), WAPCO (+1.81%), MTNN (+0.40%), and GTCO (+1.18%), which offset selloffs in select banking and services stocks such as ACCESSCORP (-2.09%), NAHCO (-6.10%), FIDELITYBK (-1.04%), and CUSTODIAN (-2.38%).
Market activity was mixed, with volume rising by 52.34% while transaction value declined by 6.60%.
FCMB (+1.38%) led the volume chart with 129.65mn units, while MTNN led the value of trades with N1.60bn worth of trades.
Market breadth was positive at 2.87x, indicating more gainers than losers.
MORISON (+9.89%) led the forty-three (43) gainers, while DAARCOM (-7.14%) topped the fifteen (15) laggards and the rest of the stock closing flat.
NASD Summary
The NASD opened the week on a positive note, with the NASD Securities Index (NSI) and market capitalisation rose by 1.56%, to close at 3,607.52 points and N2.16 trillion, respectively.
Market activity was notably down, with both transaction volume and value declining by 99.68% and 99.50%, respectively.
SDACORN (+2.50%) led the market gainers with no decliners recorded in today’s session. The overnight lending rate remained unchanged at 22.7%.
At the fixed income markets, activities in the Treasury bills secondary market were bullish as the average yield contracted by 2bps to 17.4%.
Across the curve, the average yield contracted at the short (-2bps) and mid (-2bps) segments, driven by the demand for the 59DTM (-3bps) and 150DTM (-3bps) bills, respectively but expanded at the long (+88bps) end due to selloffs of the 318DTM (+214bps).
Likewise, the average yield contracted to by 4bps to 22.0% in OMO segment.
The FGN bond secondary market traded on a bearish note as the average yield expanded by 28bps to 15.8%.
Across the curve, the average yield expanded at the short (+70bps) and mid (+8bps) segments driven by the sell pressures on the AUG-2030 (+153bps) and APR-2032 (+33bps) bonds, respectively. The average yield remained unchanged at the long end.
The overnight lending rate remained unchanged at 22.7%.
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