Daily Market Update (Equities)
Today, the Nigerian equities market closed negative with the NGX All-Share Index (ASI) declining by 0.12% to settle at 95,718.05points. Consequently, the market’s year-to-date (YtD) returns decreased to 28.01% compared to 28.16% Yesterday.
Today, the total volume traded increased by 9.17% to 393.62mn units and value traded decreased by 19.28% to NGN5.85bn. OANDO made its top position in value trades, while UNIVINSURE made it top position in Volume traded for today.
Top gainers today were ACADEMY, RTBRISCOE and IMG. On the other hand, TRANSCOHOT, CHAMS and ETERNA topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, Today, the NT-bills market witnessed positive sentiment as the average yield dropped by 0.20% to close at 22.81%. Likewise, the FGN bond market closed positive, as the average yield fell by 0.05% to settle at 19.67%. Overall, the Naira fixed income market concluded on a positive note, as the average yield declined by 0.12% to settle at 21.24%
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024