The NGX All-Share Index today closed in green, advancing by 0.02% to close at 51,829.67 points. Today’s performance was due to buying interest in large-cap stocks such as WAPCO (+0.38%) and ACCESSCORP (+1.62%). Consequently, the YTD return increased to 21.33% as market capitalisation improved by ₦6.55 billion to close at ₦27.94 trillion.
The sectoral performance marginally strengthened as three of the five indices under coverage improved. The Insurance index, the biggest gainer, rose by 1.23% on CUSTODIAN (+4.29%). The Banking and Industrial indices, followed suit, rising by 0.36% and 0.04% on ACCESSCORP (+1.62%) and WAPCO (+0.38%) respectively. Conversely, both the Oil & Gas and Consumer Goods indices, the laggers, declined by 0.39% and 0.01% on OANDO (-3.17%) and DANGSUGAR (-1.84%) respectively.
Investors’ sentiment strengthened as the market breadth increased to 1.25x from 1.12x. This was illustrated by the advance of 20 stocks, led by TIP (+10.00%) and CUTIX (+9.78%) and the decline of 16 stocks, led by COURTVILLE (-7.84%) and NAHCO (-5.88%). Activity level weakened as the total volume and value declined by 43.06% and 55.93%, as investors exchanged about 127.03mn units of shares worth over ₦1.71bn.
We expect positive sentiment to persist in the next trading session as the equities market still presents decent opportunities for investors chasing positive real returns on investments.
FIXED INCOME
There was mixed sentiment across the bond yield curve as two of the four bond yields under coverage compressed, the FGN-JAN-2026 bond paper closed flat while the yield on the FGN-JUL-2030 bond paper marginally increased by 1bp. Both yields on the FGN-APR-2023 and FGN-MAR-2024 bond papers compressed by 1bp.
The Treasury bill yields for the 91 and 364-day papers closed flat at 5.04% and 6.19% respectively while the 182-day paper yield compressed by 6bps to close at 6.09%.
We expect market activity to be influenced by the liquidity levels in the financial system
MARKET SNAPSHOT
- Domestic Bourse Closes the Week Positive, NGX ASI Gains 2bps
- Mixed Sentiment across the Bond Yield Curve
- Negative Performance in Global Stocks
- Brent Crude Reports at $111.44/barrel
- Positive Performance in African Stocks
