Daily Market Update (Equities)

Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.21%, closing at 100,156.96 points. This pushed the market’s year-to-date (YTD) return down to 33.95%, compared to 34.23% YTD yesterday. Losses in ZENITH, FBNH, and UBA were the main drivers of the negative performance, outweighing gains recorded by OANDO, UCAP, and CUSTODIAN.

Market activity picked up, however, with total volume and value traded increasing by 169.08% and 12.43% respectively, to 1.34bn units and NGN9.68bn. FIDELITYBK was the most traded by volume, while ZENITHBANK led in terms of value traded.

CUSTODIAN, LIVESTOCK and OANDO led the gainers, while OMATEK, CUTIX and FCMB 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 0.05% to settle at 25.09%. Similarly, the FGN bond market closed on a negative note as the average yield increased by 0.01% to 19.45%. Overall, the Naira fixed income market was lower as the average yield rose by 0.03% to settle at 22.27%.