…The overnight lending rate expanded by 4bps to 22.8%, despite inflows from FGN bond coupon payments
MON DEC 29 2025-theGBJournal| Nigerian stocks are on track to end 2025 on positive note after ending Monday’s session with gains across board. The gains however, comes amid renewed pressure on the local currency, the naira.
Similarly, the fixed income market saw mixed trading on Monday as investors evaluate 2025 market performance. Total market capitalization fell 0.25%consequently to 51.43 trillion
Gains in BUAFOODS (+1.5%), ETI (+10.0%), GUINNESS (+9.8%) and MTNN (+0.6%) lifted the All-Share Index higher by 0.6% to 154,389.53 points.
Consequently, the Month-to-Date and Year-to-Date returns advanced to +7.6% and +50.0%, respectively, while market capitalization rose 0.55% to N98.43 trillion.
The total volume of trades declined by 16.0% to 1.47 billion units, valued at N35.54 billion, and exchanged in 47,892 deals.
ACCESSCORP was the most traded stock by volume and value at 594.38 million units and NGN12.36 billion, respectively.
Sectoral performance was mixed as the Consumer Goods (+2.2%) and Industrial Goods (+0.2%) indices advanced while the Banking (-0.3%) index declined. The Insurance and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was positive (1.1x), as 40 tickers gained relative to 37 losers. AUSTINLAZ (+10.0%) and ETI (+10.0%) led the gainers, while INTENEGINS (-10.0%) and MEYER (-9.9%) posted the most significant losses of the day.
Meanwhile, demand pressure pushed the naira lower as the currency depreciated 1.4% to N1,450.00/US$ at the official FX market.
At the fixed income market, activities in the Treasury bills secondary market were bullish as the average yield contracted by 7bps to 17.7%.
Across the curve, the average yield contracted at the short (-4bps), mid (-14bps), and long (-5bps) segments driven by the demand for the 24DTM (-5bps), 171DTM (-74bps) and 325DTM (-51bps) bills, respectively. Likewise, the average yield contracted by 7bps to 22.1% in OMO segment.
The FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 16.5%.
The average yield contracted at the mid (-1bp) segment driven by the demand for the JUN-2033 (-5bps) bond but was unchanged at the short and long ends.
The overnight lending rate expanded by 4bps to 22.8%, despite inflows from FGN bond coupon payments (N238.54 billion).
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