Daily Market Update (Equities)
The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) rose by 0.99% to 74,502.58 points. Consequently, the market’s year-to-date (YtD) returns settled at 45.37% from 43.94% the previous day.
Total Volume decreased by 11.17% to 384.58mn units, while Total Value fell by 56.20% to NGN5.67bn. Today, JAIZBANK traded the highest in terms of Volume while MTNN traded the highest in term Value.
The top gainers for today include IKEJAHOTEL, MULTIVERSE and JBERGER while UACN, JOHNHOLT and DEAPCAP topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed positive as the average yield dipped by 1.61% to settle at 6.29%. Similarly, the FGN bond market closed stronger as the average yield fell by 0.05% to 14.19%. Overall, the Naira Fixed Income market gained as the average yield was declined by 0.83% to 10.24%.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024