Stock market investors increased their collective wealth by N1.05 billion on the second day of trading after the holidays.
The local bourse experienced a slight uptick in the All-Share Index, which increased by 0.002 percent to close at 99,843.06 points.
Similarly, the market capitalization of listed equities advanced by 0.002 percent, concluding at N56.48 trillion, translating to a total market gain of N1.05 billion.
Despite this flat close on the local bourse, rising sentiments were observed throughout the trading session, with the total traded value seeing a significant increase of 52.54 percent, reaching N25.15 billion.
Performance across various sub-sectors was generally positive.
The Banking index led the gainers with a 0.72 percent increase, followed by the Insurance and Consumer Goods indices, which rose by 0.29 percent and 0.22 percent, respectively.
The Industrial Goods index recorded a slight increase of 0.02 percent, while the Oil/Gas sector remained unchanged from the previous session.
Notwithstanding, the total number of deals and trading volume declined by 17.01 percent and 6.62 percent, respectively, resulting in 8,215 trades and 1.29 billion units.
Among individual stocks, CHAMPION (9.88%), VERITASKAP (9.88%), ROYALEX (9.84%), RTBRISCOE (9.84%), and CHAMS (9.79%) emerged as the top five gainers of the day, showcasing notable share price gains.
At the end of the trading session, FBNH stood out as the most traded stock in terms of both volume and value, with 871.05 million units valued at N19.12 billion, transacted across 323 trades.
In the money market, the Overnight NIBOR fell by 57 basis points to 25.11 percent, reflecting an improvement in liquidity. Similarly, key money market rates such as the Open Repo Rate (OPR) and Overnight Lending Rate (OVN) declined by 2.65% and 2.60%, closing at 23.71% and 24.54 percent, respectively. Meanwhile, NITTY rates showed a mixed performance across tracked tenor buckets, even as the average secondary market yield on T-bills rose by 0.09 percent to reach 19.90 percent.
In the FGN bond market, average secondary market yield rose by 0.06 percent to close at 18.83 percent.
The sovereign Eurobonds market was predominantly bearish across maturities, thus pushing the average yield higher by 5bps to 10.24 percent.
In the foreign exchange market, the Naira depreciated against the dollar by 0.16 percent in the official NAFEM market, closing at ₦1,485.36 per dollar. At the parallel market, the Naira closed at N1, 470 per dollar.