Daily Market Update (Equities)

Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.02% to close at 100,006.79 points. As a result, the year-to-date (YtD) market return decreased to 33.75%, compared to 33.77% on Friday. This negative performance was driven by losses in TRANSCORP, PZ and FBNH offsetting gains in ACCESSCORP, CONOIL and OANDO.

However, trading activity saw a significant increase. The total volume and value traded surged by 67.20% and 18.98% each, reaching 689.98mn units and NGN7.17bn respectively. ELLAHLAKES traded the highest in terms of volume, while OANDO traded the highest in terms of Value.

Today, DAARCOMM, CONOIL and NEIMETH led the gainers, while PZ, CWG and CHAMS led the losers.

Daily Market Update (Fixed Income)

Today, the NT-bills market closed in the negative territory as the average yield rose by 0.13% to 22.89%. This is due to sell-offs in the mid-tenor and long-tenor bills.  Similarly, the FGN bond market closed negative as the average yield went up by 0.01% to close at 18.78%. Overall, the Naira fixed income market concluded negative, with the average yield up by 0.07% to settle at 20.83%.