Daily Market Update (Equities)

Today, the Nigerian stock market closed on a positive note as it gained 0.10% while its year-to-date return settled at 31.81%. The market performance was driven by gains in OANDO, UBA and ACCESSCORP, which offset losses in BUACEMENT, FBNH and FIDELITYBANK. On a sectoral basis, the Insurance (+2.07%) and Banking (+1.14%) sectors closed positive, while the Industrial Goods (-1.07%) and Consumer Goods (-0.05%) sectors closed negative. Notably, the Oil and Gas sector closed flat.

Today, the total volume traded increased by 131.45% to 1.85bn units, while the total value traded increased by 1573.69% to 111.41bn. JAPAULGOLD made its top position in volume traded while UBA made it top position in value traded.

Top gainers today were ABBEYBDS, DEAPCAP and OANDO. On the other hand, ELLAHLAKES, NEIMETH and ACADEMY topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the Nigerian Treasury Bills market closed flat, as the average yield remained unchanged at 21.92%. However, the FGN Bond market closed on a negative note, as the average yield went up by 0.03% to 18.77%. This is following selloffs in the short-end of the curve (MAR-2025: yield up by 0.69%). Overall, the Naira Fixed Income market closed negative, with the average yield increasing by 0.01% to 20.35%.