Daily Market Update (Equities)

Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.08%, closing at 100,486.12 points. This pushed the market’s year-to-date (YTD) return down to 34.39%, compared to 34.50% YTD yesterday. Losses in ZENITH, UBA, and FBNH were the main drivers of the negative performance, outweighing gains recorded by OANDO, FLOUR MILLS, and GTCO.

Market activity was slower, with total volume and value traded decreasing by 16.32% and 2.46% respectively, to 280.92mn units and NGN3.63bn. VERITASKAP was the most traded by volume, while UCAP led in terms of value traded.

IKEJAHOTEL, LINKASSURE and CAVERTON led the gainers, while UPL, JOHNHOLT and OMATEK led the laggards.

Daily Market Update (Fixed Income)

Today, the Nigerian Treasury bills (NT-bills) market closed on a negative note with the average yield rising by 0.22% to settle at 25.06%. Similarly, the FGN bond market closed on a negative note as the average yield increased by 0.01% to 19.42%. Overall, the Naira fixed income market closed lower as the average yield rose by 0.12% to settle at 22.24%.