Daily Market Update (Equities)

Today, the Nigerian Equities market extended its bearish run as the NGX All Share Index (NGX ASI) fell by 0.09% to 99,217.60 points. This is following negative sentiment in DANGSUGAR (-5.66%), LAFARGE (-4.06%), ZENITH (-1.81%) and OANDO (-9.75%), which offset gains in OKOMU (+10.0%), TRANSCORP (+3.75%), JBERGER (+6.29%) and FBNH (+0.50%). As a result, the market’s year-to-date returns settled at 32.69%.

Total Volume and Value traded both declined by 62.86% and 68.09% to settle at 361.57mn units and NGN6.16bn respectively. Today, TRANSCORP traded the highest in terms of total volume while GTCO traded the highest in terms of total value.

Top gainers for today include OKOMUOIL, JOHNHOLT and NSLTECH. On the other hand, OANDO, UPL and ACADEMY lost the highest.

Daily Market Update (Fixed Income)

At today’s close of trade, the NT-bills secondary market closed negative as average yield climbed higher by 0.10% to 22.03%. Similarly, the secondary FGN Bond market closed negative as average yield went up marginally by 0.01% to 18.78%. Overall, the Naira Fixed Income market ended the day on a negative note, as average yield increased by 0.05% to 20.40%.