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Markets Wrap| Stocks return to bearish mood after sell-offs, Naira firms vs dollar, fixed income market trade mixed

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…The NASD Securities Index (NSI) and market capitalisation rising by 0.14%, to close at 3,605.04 points and N2.16 trillion, respectively

…The FGN bond secondary market traded on a quiet note, as the average yield remained unchanged at 15.4%.

THUR NOV 27 2025-theGBJournal| Nigerian stocks fell on Wednesday, reversing gains from Tuesday’s session amid mild sell-offs.

BUACEMENT (-4.8%), INTBREW (-8.3%), NB (-3.7%), CONOIL (-3.50%) and CADBURY (-5.85%) stocks fell, dragging the benchmark All-Share Index lower by 0.5% to 143,064.57 points.

Consequently, the Month-to-Date and Year-to-Date returns settled at -7.2% and +39.0%, respectively, while the market capitalisation moderated by N444.3 billion to settle at N91 trillion.

The total volume traded advanced by 32.8% to 738.35 million units, valued at N35.54 billion and exchanged in 19,919 deals. GTCO was the most traded stock by volume and value at 134.12 million units and N 11.57 billion, respectively.

On sectors, the Insurance (+2.7%), Oil & Gas (+0.2%) and Banking (+0.2%) indices advanced, while the Industrial Goods (-2.0%) and Consumer Goods (-1.3%) indices declined.

As measured by market breadth, market sentiment was positive (1.1x), as 29 tickers gained relative to 26 losers. LEARNAFRCA (-10.0%) and CADBURY (-9.9%) led the laggards, while AIICO (+10.0%) and NCR (+10.0%) posted the most significant gains of the day.

The NASD closed Wednesday’s session on a bullish note after closing on a bearish note in the previous session, with the NASD Securities Index (NSI) and market capitalisation rising by 0.14%, to close at 3,605.04 points and N2.16 trillion, respectively.

The market activity improved significantly, with transaction volume and value rising by 574.27% and 1,551.36% respectively.

SDCSCSPLC (+1.36%) topped the market gainers while SDFCWAMCO (-0.17%) topped the decliners in today’s session.

Meanwhile, the official FX rate appreciated by 1.4% to N1,425.00/US$1.

At the fixed income market, the NTB secondary market traded on a bullish note, as the average yield contracted by 123bps to 15.6%.

Across the curve, the average yield contracted at the short (-29bps), mid (-93bps) and long (-204bps) segments, driven by demand for the 85DTM (-59bps), 176DTM (-122bps) and 358DTM (-275bps) bills, respectively.

Conversely, the average yield expanded by 2bps to 21.5% in the OMO segment.

Meanwhile, the FGN bond secondary market traded on a quiet note, as the average yield remained unchanged at 15.4%.

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Nigerian stocks fell on Wednesday, reversing gains from Tuesday’s session amid mild sell-offs

 

 

 

 

 

 

 

 

 

 

 

 

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