Daily Market Update (Equities)

Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.07% to settle at 96,037.28 points. Also, the market’s year-to-date (YtD) returns increased to 28.44% compared to 28.35% last week Friday.

Today, the total volume traded increased by 16.67% to 377.18mn units and value traded decreased by 18.07% to NGN3.78bn. ZENITHBANK made its top position in value trades, while VERITASKAP made it top position in Volume traded for today.

Top gainers today were ETERNA, RTBRISCOE and OANDO. On the other hand, ABBEYBDS, UCAP and UPL topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the Nigerian fixed income market extended its positive trajectory, as the NT-bills market closed on a positive note as the average yield dipped by 0.65% to close at 21.67%. This is following increased demand across the tenors. Likewise, the FGN bond market witnessed positive sentiment, as the average yield went down by 0.07% to settle at 19.55%. This was driven by buying interest in the short and mid-end of the yield curve. Overall, the Naira fixed income market ended the trading day positive, as the average yield declined by 0.36% to settle at 20.61%.