Daily Market Update (Equities)
Today, the Nigerian Equities Market closed negative as its benchmark index decreased by 0.07% to 65,286.28 points. Hence, its Year-to-Date returns settled at 33.24 from 33.33% Yesterday. We believe the negative performance in the market today was primarily driven by losses in DANGSUGAR, GTCO, International Breweries and Vitafoam, offsetting the gains recorded in LAFARGE, Oando, FBN Holding, Transnational Corp, and Sterling Financial.
The Total Volume traded for today was 378.65mn units while Total Value traded was NGN5.48bn. OANDO traded the highest in terms of Volume while DANGCEM traded the highest in terms of Value.
Today, GUINEAINS, CAVERTON and OANDO topped the gainers’ chart while VITAFOAM, VERITASKAP and LINKASSURE were the top losers for today’s trading session.
Daily Market Update (Fixed Income)
At the Nigerian Treasury bills market today, the average yield inclined by 0.33% to settle at 7.88% while at the FGN Bond market, average yield stagnated at 14.10%.