Daily Market Update (Equities)

Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.12%, closing at 100,365.17 points. This pushed the market’s year-to-date (YTD) return down to 34.23%, compared to 34.39% YTD yesterday. Losses in UBA, DANGSUGAR, and FBNH were the main drivers of the negative performance, outweighing gains recorded by INTERNATIONAL BREWERIES, FCMB, and LAFARGE.

Market activity picked up, however, with total volume and value traded increasing by 77.22% and 137.35% respectively, to 497.84mn units and NGN8.61bn. FCMB was the most traded by volume, while ZENITHBANK led in terms of value traded.

INTBREW, DEAPCAP and FCMB led the gainers, while NSLTECH, RTBRISCOE and UBA led the laggards.

Daily Market Update (Fixed Income)

Today, the Nigerian Treasury bills (NT-bills) market closed on a positive note with the average yield falling by 0.02% to settle at 25.04%. Conversely, the FGN bond market closed on a negative note as the average yield increased by 0.02% to 19.44%. Overall, the Naira fixed income market was unchanged as the average yield stagnated at 22.24%.