RT Briscoe, Eunisell, Livestock Feeds Lead Gainers as NGX Dips 0.10% Amid Cautious Trading

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Ameenah Hassan

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Trading on the Nigerian Exchange (NGX) ended on a negative note Tuesday, with the All-Share Index (ASI) shedding 0.10% to close at 109,619.10 points. The market capitalisation followed suit, dropping by ₦70 billion to settle at ₦68.9 trillion, despite more gainers (29) than losers (27) on the day.

Leading the gainers’ chart were RT Briscoe (+10.00%), Eunisell (+9.75%), and Livestock Feeds (+9.61%), while Champion Breweries, Lasaco, and McNichols were among the biggest laggards, each losing nearly 10%.

Sector Watch: Divergence Continues

Sectoral performance was mixed. Insurance (+1.14%) and Industrial Goods (+0.21%) provided modest support, but declines in Consumer Goods (-0.83%), Commodities (-1.34%), Oil & Gas (-0.33%), and Banking (-0.15%) sectors weighed heavily on the index.

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Trading Activity: Value Steady, Volumes Down

The value of transactions remained relatively flat at ₦13 billion, while volumes traded fell by over 36% to 487 million shares exchanged in 18,587 deals. Major trades by value included Nigerian Breweries (₦3.13bn), Fidelity Bank, and Zenith Bank, while Japaul Gold, Tantalizer, and Fidelity Bank led in volumes.

Fixed Income Market: Stable Yields, Mild Optimism

The bond market was steady, with average FGN bond yields inching down by 2bps to 19.05%. Eurobonds saw a slight uptick in average yield to 9.77% following sell pressure on the SEP-2051 issuance.

In the treasury bills market, modest bullish sentiment persisted. Average Nigerian Interbank Treasury Bills (NITTY) yields fell slightly to 20.79%, with notable declines on the 6- and 12-month tenors.

FX Market: Naira Gains on CBN Liquidity Support

The naira appreciated by 0.52% at the Nigerian Autonomous Foreign Exchange Market (NAFEM), closing at ₦1,590.46/$, driven by the Central Bank’s FX swap interventions. The parallel market rate held steady at ₦1,615/$, reflecting a narrowing gap between official and street-level rates.

Monetary Snapshot:

MPR: 27.75%

April 2025 Inflation: 23.71%

Q4 2025 GDP Growth: 3.84%

As cautious optimism continues to define investor sentiment, market watchers will monitor macroeconomic signals and the CBN’s FX strategies to gauge momentum in the days ahead.

Ameenah Hassan

Ameenah Hassan is a content writer with experience in public relations. She has contributed to Arbiterz since 2021, writing research-based news and features on business. She is currently pursuing a degree in Mass Communication at the University of Lagos.