Daily Market Update (Equities)
The Nigerian Equities Market sustained its positive trajectory as its benchmark index increased by 0.51% to settle at 66,490.34 points in today’s trading session. Notably, the Year-to-Date (YtD) returns surged to 29.73% (Yesterday: 29.07% YtD). The gains in DANGSUGAR, TRANSCORP HOTEL, TRANSNATIONAL CORP, ZENITH and ACCESSCORP offset the losses recorded in NESTLE, STANBIC, FIDELITY and FCMB.
The Total Volume traded for today was 426.09mn units while Total Value traded was NGN6.87bn. FBNH traded the highest in terms of Volume while NESTLE traded the highest in terms of Value.
CHAMPION, NASCON and DANGSUGAR topped the gainers chart in today’s trading session while CWG, PRESTIGE and UPL topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the Nigerian Treasury Bills market closed flat at 7.29%. However, the average yield in the FGN Bond market fell by 0.03% to 14.01%.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024