The All-Share Index declined by 33 basis points, closing at 99,468.90 points, marking four consecutive days of market downturn in the equities market.
As a result, trading activity levels suffered significant declines with the total deals, traded volume, and value dropping by 12.67 percent, 68.27 percent, and 53.99 percent, totaling 7,126 deals, 296.73 million units, and N5.45 billion, respectively.
Despite recording more gainers (21) than losers (18) on the exchange, the market capitalization of listed equities fell by 0.33 percent to N56.27 trillion, resulting in a total market loss of N188.47 billion.
Notable individual stock performances included LINKASSURE, DAARCOMM, VITAFOAM, LIVESTOCK, and MECURE, which emerged as the top five gainers with share price increases of +9.80 percent, +9.62 percent, +7.61 percent, +7.32percent, and +4.49 percent, respectively.
Conversely, IKEJAHOTEL, HONEY FLOUR, SEPLAT, CHAMPION, and SUNUASSUR topped the losers’ chart with share price declines of -9.29 percent, -8.41 percent, -8.30 percent, -7.55 percent, and -4.62 percent, respectively. Sectoral performance was mixed, with the Banking, Insurance, and Industrial Goods indices posting gains of 0.13 percent, 0.09 percent, and 0.05 percent, respectively. However, the Consumer Goods and Oil/Gas indices recorded losses of 0.16 percent and 4.00 percent.
As the session concluded, FIDELITYBANK emerged as the most traded stock by volume with 46.78 million units changing hands in 389 trades, while SEPLAT led in traded value, amounting to N1.15 billion.
In the money market, the Overnight NIBOR decreased marginally by 0.01 percent to close at 32.68 percent.
Likewise, key money market rates such as the Open Repo Rate (OPR) and Overnight Lending Rate (OVN) nosedived to conclude at 31.75 percent and 32.60 percent, respectively. Meanwhile, NITTY moved in mixed directions, even as the average yields on T-bills in the secondary market contracted by 33bps to 20.15 percent on demand pressure.
Trading activity in the secondary FGN Bonds recorded slight negative activity; as a result the average yield rose by 0.03 percent to 18.98 percent.
In the sovereign Eurobonds market, positive sentiment was evident across various maturities, resulting in a 0.20 percent decline in the average yield to 9.71 percent.
In the official NAFEM market, the naira appreciated by 0.47 percent to close at ₦1,554.65 per dollar.
In the parallel market, the naira also gained 1.22 percent, ending the day at an average of ₦1,540 per dollar.