Daily Market Update (Equities)
The Nigerian Equities Market closed the day negative as its benchmark index fell by 1.24% to settle at 67,296.18 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns fell to 31.31% (Yesterday: 32.96% YtD). The losses in GTCO, DANGSUGAR, ZENITH, ACCESSCORP, and UBA offset the gains in OANDO, NB, TRANSCORP, CADBURY and CWG.
The Total Volume and Value traded for today are 520.13mn units and NGN8.33bn. ACCESSCORP traded the highest in terms of Volume while ACCESSCORP traded the highest in terms of Value.
The top gainers in today’s trading session were NNFM, OANDO and CWG while the top losers were ETRANSACT, NSLTECH, DANGSUGAR.
Daily Market Update (Fixed Income)
At the Nigerian Treasury bills market today, the average yield increased by 0.01% to settle at 7.92% while at the FGN Bond market, average yield remained unchanged at 14.16%.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024