After a bullish market reversal, the local bourse’s All-Share Index climbed by 0.13 percent, closing Thursday’s trading at 104,387.47 points.
This boosted the index’s year-to-date performance to 39.60 percent and saw a N74 billion uptick in the market capitalization of listed equities, reaching N59.02 trillion.
Reflecting this positive sentiment, market activity surged, with total deals, volume, and value rising by 6.57 percent, 12.78 percent, and 35.74 percent respectively, reaching 8,790 trades, 336.82 billion units, and N9.29 billion.
The Exchange recorded more losers (29) than gainers (22), though notable stocks like JULI, TRANSCORP, INTENEGINS, ETRANZACT, and GUINEAINS surged by +10.00 percent, +9.96 percent, +9.66 percent, +9.65 percent, and +8.33 percent, driven by increased buying interest.
Conversely, top decliners such as DEAPCAP, TOURIST, CWG, CAVERTON, and OMATEK witnessed share price declines of -10.00 percent, -9.86 percent, -9.09 percent, -8.57 percent, and -8.05 percent respectively. Looking ahead, sub-sector performance remained generally positive, with the NGX Banking, NGX Insurance, and NGX Industrial Goods indices rising by 90bps, 57bps, and 42bps respectively.
The Consumer Goods sector declined by 9bps, while the Oil/Gas sector remained stable.
UBA stood out as the most traded security by volume, with 63.88 million units transacted in 773 deals, while NESTLE led in traded value, totaling N1.82 billion.
In the money market, the Nigerian Interbank Offered Rate (NIBOR) experienced a widespread increase across all maturities, signaling a decrease in liquidity within the system. The Overnight, 1-month, 3-month, and 6-month NIBOR each saw increases of 5.00 percent, 2.85 percent, 2.40 percent, and 2.35 percent.
Likewise, key money market rates, including the open repo rate (OPR) and overnight lending rate (OVN), surged to conclude at 26.43 percent and 27.32 percent, respectively.
In the Nigerian Interbank Treasury Bills market, the Nigerian Interbank Treasury Bills True Yield (NITTY) displayed a combination of movements. The 1-month and 3-month NITTY increased by 0.02 percent each, whereas the 6-month and 12-month NITTY saw decreases of 0.07 percent and 0.77 percent, correspondingly.
However, in the secondary market for Nigerian Treasury Bills, there was a mild positive activity level which led to a marginal decline in the average yield by 0.01 percent to 16.53 percent.
In the foreign exchange market, the Naira appreciated by 2.63 percent, closing at N1, 453.28 per dollar at the official market. In the Parallel market, the Naira closed at N1, 495 to the dollar.
