The Nigerian All-Share Index closed in positive territory, rising by 0.02% to close at 52,626.42 points.
The performance was due to buy-interest in large-cap stocks such as NGX (+0.38%) and DANGSUGAR (+1.74%). Consequently, the YTD return increased to 2.68% as market capitalisation increased by ₦5.9 billion to close at ₦28.66 trillion.
The sectoral performance marginally strengthened as three of the five indices under coverage advanced while the Oil & Gas index closed flat. The Insurance index, led the gainers, rising by 0.36% on CORNERST (+1.82%). The Banking, and Industrial indices, followed suit, rising by 0.20%, and 0.05%, on ETI (+1.30%), and WAPCO (+1.02%) respectively. Conversely, the Consumer goods index, the only loser, fell by 0.03% on INTBREW(-5.10%).
Investors’ sentiment strengthened as the market breadth increased to 1.33x from 0.87x. This was illustrated by the appreciation of 20 stocks, led by INTENEGINS (+9.80%) and CWG (+9.50%) and the decline of 15 stocks, led by CILEASING (-10.00%) and SOVERENINS (-7.14%). Activity level strengthened as the total volume and value increased by 2.99% and 36.73%, as investors exchanged about 228.49mn units of shares worth over ₦4.44bn.
Fixed Income
There was mixed sentiments across the bond yields curve as two of the bonds under our coverage closed lower while the yield on the FGN-JAN-2026 closed flat. The yields on the FGN-APR-2023 and FGN-MAR-2024 bond papers inched higher by 2bps and 6bps respectively. The yield on the FGN-JUL-2030 bond paper climbed higher by 44bps.
The yields for the 91, 182 and 364-day papers closed flat to close at 2.16%, 3.29% and 5.23% respectively.
We expect market activity to be influenced by the liquidity levels in the financial system.
- Positive Performance Returns in the Local Bourse, NGX ASI Gains 2bps
- Mixed Sentiments across the Bond Yield Curve
- Negative Performance in Global Stocks
- Brent Crude Reports @$86.29/barrel
- Positive Performance in African Stocks
- Naira Marginally Appreciates in the Parallel Market
