Daily Market Update (Equities)
The Nigerian Equities Market ended the day on a positive note as its benchmark index rose by 0.71% to settle at 68,359.22 points. Consequently, the Year-to-Date (YtD) returns rose to 33.38%(Yesterday: 32.44% YtD). The gains in Ellah Lakes PLC, Berger Paints, E-Tranzact, Chams, and Oando offset the losses in Secure, SCOA, Multiverse Mining, Cornerstone and DAAR Communication.
The Total Volume and Value traded for today are 676.74mn units and NGN5.89bn. FIDELYBK 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 ELLAHLAKES, NNFM and OANDO… while the top losers were SCOA, NSLTECH, MULTIVERSE.
Daily Market Update (Fixed Income)
At the Nigerian Treasury bills market today, the average yield remained unchanged at 7.87% while at the FGN Bond market, average yield rose by 0.01% to close at 14.43%.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024