Daily Market Update (Equities)

The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) fell by 0.73% to 103,659.81points. Consequently, the market’s year-to-date (YtD) returns declined to 38.63% (vs 39.65% last Friday). The gains recorded in GEREGU, INTBREW, and OANDO were offset by losses in MTNN, ACCESSCORP, and FIDELITYBK

Today, the Total Volume traded decreased by 10.81% to 841.55mn units while total value traded declined by 17.67% to NGN19.33bn.  FBNH traded the highest in terms of both Volume and Value.

Today, ABBEYBDS, LIVESTOCK and FIDELITY topped the laggards’ chart while CADBURY, MEYER, and DAARCOMM topped the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed bearish as the average yield increased by 19bps to settle at 9.85%. Similarly, the FGN bond market closed on a bearish note as the average yield surged by 53bps to settle at 15.29%. This follows selloffs across all ends of the curve. Overall, the Naira Fixed Income market closed bearish as the average yield went up by 36bps to settle at 12.57%.