At the end of yesterday’s trading session, the Nigerian All Share Index closed in positive territory, advancing by 0.01% to close at 51,563.73 points.
Yesterday’s performance was due to buying pressures in large-cap stocks such as ACCESSCORP (+2.11%) and ZENITHBANK (+0.46%). Consequently, the YTD return increased to 20.71% as market capitalisation increased by ₦11.98 billion to close at ₦27.81 trillion.
The sectoral performance was mixed as two of the five indices under coverage improved, two closed flat while the Insurance index declined by 0.11%. The Banking and Consumer Goods indices improved by 0.50% and 0.12% on ZENITHBANK (+0.46%) and INTBREW (+8.39%) respectively. Conversely, the Oil & Gas and Industrial indices closed flat.
Investors’ sentiment strengthened as the market breadth increased to 1.50x from 1.06x. This was illustrated by the advance of 15 stocks, led by ACADEMY (+9.55%) and NAHCO (+9.41%) and the decline of 10 stocks, led by RTBRISCOE (-8.11%) and UPDC (-7.87%). Activity level was strengthened as the total volume and value improved by 5.94% and 22.07%, as investors exchanged about 143.29mn units of shares worth over ₦1.76bn.
There was bullish sentiment across the bond yield curve as three of the four bond yields under coverage compressed while the FGN-JAN-2026 bond yield inched higher by 45bps compressed by 1bp while the yield on the bond paper inched up by 58bps. The yields on the FGN-APR-2023, FGN-MAR-2024 and FGN-JUL-2030 bond paper declined by 4bps, 1bp and 52bps respectively.
The Treasury bill yields for the 91 and 182-day papers compressed by 1bp and 58bps to close at 9.50% and 8.63% respectively while the 364-day paper closed flat at 6.39%.
We expect market activity to be influenced by the liquidity levels in the financial system
- Flattish Positive Performance in the Local Bourse, NGX ASI Up 6bps
- Bullish Sentiment across the Bond Yield Curve
- Positive Performance in Global Stocks
- Commodities Market Closes in Green
- Positive Performance in African Stocks