Equities Shed N7.5bn
The value of Nigerian equities depreciated by N7.5 billion to ₦30.39 trillion on Monday following losses in the shares of Zenith Bank (-2.3%), Geregu Power (-0.61%), and FBNH (-4.2%) and GTCO (-0.88%).
Consequently, the benchmark All Share Index shed 0.02 percent to settle at 55,806.71 points. Consequently, year-to-date returns settled at 8.89 percent while the Month-to-Date returns remained at +0.1 percent.
The total volume traded declined by 18.9 percent to 369.78 million units, valued at N19.84 billion, and exchanged in 7,221 deals. GEREGU was the most traded stock by volume and was valued at 52.49 million units and N16.37 billion, respectively.
Sectoral performance was largely positive, as the Oil & Gas (+2.6%), Insurance (+1.3%), Banking (+0.3%), and Consumer Goods (+0.1%) indices advanced, while the Industrial Goods index closed flat.
A total of 27 stocks recorded losses relative to 26 gainers. John Holt (-10.0%) and Courtville (-9.8%) recorded the highest losses of the day, while NEM (+10.0%) and OMATEK (+10.0%) topped the gainers’ list.
Meanwhile, the Naira closed flat at N464.67/Dollar at the Investors and Exporters (I&E) window.
The overnight lending rate expanded by 13bps to 12 percent in the absence of any significant outflow from the system. Trading activities in the Nigerian Treasury bills secondary market closed flat at 6.4 percent.
The Treasury bond secondary market traded with bullish sentiments, as the average yield contracted by 8 basis points to 13.8 percent. Average yield dipped at the short (-20bps) and mid segments (-9bps) segments, following demand for the JAN-2026 (-45bps) and APR-2029 (-13bps) bonds, respectively.
Conversely, the average yield expanded slightly at the long (+1bp) end due to the sell-off of the JUL-2034 (+6bps) bond.
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