…the FGN bond secondary market traded on a bullish note. The average yield contracted by 8bps to 16.4%.
THUR JULY 17 2025-theGBJournal| The Nigerian equities market advanced further on Thursday while the Naira rose as investors were encouraged by the latest inflation data.
Data on inflation showed that June 20256 consumer price index (CPI) inflation colling to 22.2% from 22.91% reported in May 2025 by the National Bureau of Statistics.
The benchmark NGX All-Share Index (ASI) rose 1.0% to 130,283.86 points, boosted by solid gains DANGCEM (+10.0%), BUACEMENT (+10.0%), and FIRSTHOLDCO (+9.9%) stocks.
The Month-to-Date and Year-to-Date returns settled at +8.6% and +26.6%, respectively while market capitalization also gained 1.02%, closing at N82.42 trillion.
The total volume of trades declined by 89.8% to 1.19 billion units, valued at NGN42.76 billion, and exchanged in 37,418 deals.
ACCESSCORP was the most traded stock by volume at 168.10 million units, while ZENITHBANK was the most traded stock by value at NGN6.29 billion.
Sectoral performance was mixed as the Industrial Goods (+9.1%) and Consumer Goods (+0.5%) indices closed higher, while the Banking (-2.3%), Insurance (-0.9%) and Oil & Gas (-0.6%) indices declined.
As measured by market breadth, market sentiment was negative (0.7x), as 29 tickers gained relative to 44 losers.
BUACEMENT (+10.0%) and DANGCEM (+10.0%) led the gainers, while HMCALL (-10.0%) and MECURE (-10.0%) recorded the most significant losses of the day.
In the local currency, the Naira rose on Thursday after buckling by 0.25 on Wednesday against.
Against the U.S dollar, the Naira strengthened 0.9% to N1,518.21/US$1 as the FGN bond secondary market traded on a bullish note. The average yield contracted by 8bps to 16.4%.
The NTB secondary market also traded on a bullish note, as the average yield pared by 1bp to 18.3%.
The overnight lending rate expanded by 17bp to 32.8%, in the absence of any significant funding pressure on the system.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
