…The Naira appreciated by 0.92% to close at ₦1343.77
The Domestic market sustained its bullish momentum for the sixth consecutive session, as the NGX All-Share Index advanced by 67 basis points to close at 205,831.38 points. The performance was driven by broad-based gains across the five major sectors, reflecting strong market breadth and renewed investor confidence as buying interest cut across key bellwether and mid-cap stocks
The market’s positive performance was supported by price appreciations in ETI, STANBIC, NGXGROUP, MECURE, SEPLAT, CWG, FIRSTHOLDCO, WAPCO, ACCESSCORP, GTCO, ZENITHBANK, NAHCO, alongside 30 other advancing stocks.
Consequently, the year-to-date return improved to 32.27%, while market capitalization advanced by 0.67% to ₦132.49 trillion, representing a ₦883.47 billion gain in investors’ wealth.
Sectoral performance closed broadly positive, with all of the five tracked indices ending in the green. The Oil/Gas index led gainers, advancing 4.36%, driven by buying interests in SEPLAT and JAPAULGOLD. Similarly, the Banking index gained 1.97%, supported by strong upticks in ETI, STANBIC, FIRSTHOLDCO, ACCESSCORP, GTCO, ZENITHBANK and WEMABANK.
The Industrial Goods index edged higher by 0.71%, buoyed by gains in CWG and WAPCO. Also, the Insurance and Consumer Goods indices inched up by 0.65% and 0.05%, respectively, buoyed by gains in CORNERST, ROYALEX, UNIONDICON, INTBREW and HONYFLOUR
MARKET ACTIVITY: Market activity was Positive, as traded volume appreciated by 22.67% to 569.31 million units, while traded value increased by 0.72% to ₦32.25 billion.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 1.95x from 1.33x as 41 stocks appreciated, 21 stocks depreciated, and 71 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bills market closed bullish at 17.38%, While the Bonds market closed bearish at 15.60%. Meanwhile, sentiment in the local bond market was largely muted, with yields declining marginally by 1.8bps, despite only one maturity recording an uptick. Specifically, the 21-Feb-2034 instrument saw a 19bps increase in yield, while short-dated papers declined by 2bps and the long end remained unchanged.
In the NTBills market, activities were broadly bullish, reflected in an average yield decline of 5.5bps. However, a 23bps uptick on the 4-Jun-2026 paper pushed short-end yields up by 0.2bps, contrasting with the decline of 0.78bps and 1.8bps at the mid and long ends of the curve, respectively. The market expects tomorrow’s inflation reading to guide the next trading direction.
In the Eurobond market, weaker demand as projected by IEA dragged crude prices below $100 per barrel, supporting an average of 14.5bps decline in Nigeria’s bond yields. The most notable contractions were seen in the 2031 and 2032 maturities, which both declined by 20bps.
The Naira appreciated by 0.92% to close at ₦1343.77
Meanwhile, as of April 10, 2026, foreign reserves declined further by $38.5 million to $48.80 billion. This brings total depletion to $1.2 billion from the $50 billion peak recorded on December 3, 2025, highlighting the sustained pressure on the nation’s external buffer.
Elsewhere, Brent crude dipped 5.9% as investors absorbed the pessimism from IEA’s demand outlook in the oil market.
