Daily Market Update (Equities)
Today, the Nigerian equities market closed negative with the NGX All-Share Index (ASI) declining by 0.07% to settle at 99,831.51points. Consequently, the market’s year-to-date (YtD) returns decreased to 28.16% compared to 28.25% Yesterday.
Today, market activity made a negative performance, as total volume decreased by 64.44% to 360.56mn units and value traded decreased by 5.66% to NGN7.25bn. OANDO made its top position in both value and Volume traded for today.
Top gainers today were IKEJAHOTEL, CUTIX and DEAPCAP. On the other hand, UPL, OANDO and NASCON topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills market closed on a bearish note as the average yield increased by 0.06% to close at 23.01%. However, the FGN bond market closed on a bullish note, as the average yield decreased by 0.01% to settle at 19.72%. Overall, the Naira fixed income market closed negative, as the average yield increased by 0.02% to settle at 21.36%.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024