…The Naira depreciated by 0.57% to close at ₦1,366.06
The local bourse extended its bullish run for a fourth consecutive session, as the benchmark All-Share Index (ASI) advanced by 118
basis points to close at 170,005.36 point. The sustained rally was driven by improved investor sentiment, following positive earnings releases from select companies for the 2025 financial year, which renewed buying interest across the market.
The bullish close was propelled by SEPLAT, ZICHIS, VITAFOAM, DANGSUGAR, MTNN, NGXGROUP, FIRSTHOLDCO, DANCEM,
ACCESSCORP, UBA, GTCO and 44 other gainers that contributed to the market performance.
As a result, the year-to-date return improved to 9.25%, while market capitalization appreciated by 1.18% to ₦109.13 trillion, translating to a ₦1.27 trillion gain for investors.
Sectoral performance was majorly positive, with four of the five tracked indices closing high. The Oil & Gas index led the gainers, up 4.68%, due to increased interest in SEPLAT, TIP and OANDO. In tandem, the Industrial Goods index gained 0.79%, driven by
JBERGER, BERGER, and DANGCEM, while the Banking index added 0.64% on the back of appreciations in FIRSTHOLDCO, ACCESSCORP, FCMB, UBA and GTCO. Also, the Consumer Goods index edged higher by 0.11%, buoyed by gains in VITAFOAM, DANGSUGAR, CHAMPION and HONYFLOUR. Meanwhile, the Insurance (-0.31%) Index was the sole laggard, weighed down by losses in UNIVINSURE, CORNERST, CONHALLPLC and LINKASSURE.
MARKET ACTIVITY: Market activity was positive as traded volume and value appreciated by 2.62% and 8.23% to 712.98 million units and ₦22.26 billion, respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 2.89x from 2.04x as 55 stocks appreciated, 19 stocks depreciated, and 55 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bill and Bond markets closed bearish at 17.66% and 16.13%, respectively.
OFFICIAL WINDOW: The Naira depreciated by 0.57% to close at ₦1,366.06
