Daily Market Update (Equities)

Today, the Nigerian equities market concluded the day on a negative note, with the NGX All Share Index declining by 0.06% to close at 97,774.22 points. This decrease brought the market’s year-to-date (YTD) return down to 30.76%, a slight drop from yesterday’s 31.24% YTD. The negative performance was primarily driven by losses in NB, Zenith Bank, and United Capital, which overshadowed the gains recorded by FBNH, UBA, and Oando.

Market activity was positive, with total volume and value traded increasing by 360.25% and 188.89% respectively, to 1.83bn units and NGN23.11bn. Fidelity bank traded highest in terms of volume and value.

IMG, CORNERST and ACADEMY led the gainers, while CUTIX, BERGER and NB led the laggards.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market ended on a negative note, with the average yield increasing by 0.02% to settle at 25.18%. Similarly, the FGN bond market closed negative as the average yield rose by 0.04% to 19.76%. Overall, the Naira fixed income market closed negative, with the average yield rising by 0.02% to settle at 22.47%.