Daily Market Update (Equities)
The Nigerian Equities market continued its positive trajectory, as its benchmark index, the NGX All Share Index (ASI) rose by 0.78% to 71,808.64 points. Consequently, its Year-to-Date (YtD) returns went up to 40.11% (vs 39.02% Yesterday). The gains in FBNH, Access Holdings and Stanbic IBTC offset the losses recorded in OANDO, International Breweries and AXA Mansard Insurance.
The total Volume and Value traded today were 690.01mn units and NGN12.10mn. Today, GTCO traded the most in terms of Volume and Value.
The top losers for today were MANSARD, GUINEAINS and OANDO while FBNH, MULTIVERSE and ETI topped the gainers’ chart.
FIXED INCOME
Today, the NT-bills secondary market closed negative as the average yield increased by 0.15% to settle at 11.11%. However, the FGN bond market closed positive as the average yield declined by 0.02% to settle 15.59%.
