Today the Nigerian Equities market closed on a positive note as the benchmark index (NGXASI) went up by 2.04% to 77,537.57 points. Consequently, year to date return climbed up to 3.70%. Notably, all sectors under or coverage closed on a positive note. Gains in BERGER,CORNERST and MULTIVERSE offset Losses in LEARNAFRICA, CHAMPION and CLEANING
In terms of market Activity, FIDELITYBK traded the highest in both volume and value.
The top gainers for today where; UBA, ACCESS, TRANSCORP and FBNH, while top losers where CHAMPION, NGXGROUP, and MANSARD.
FIXED INCOME
Today, the NT-bills secondary market closed on a bullish note as average yield declined by 13bps to settle at 6.16%. This was driven by buying interest in the mid-tenor bills. Similarly, the FGN bond market closed bullish as average yield fell 31bps to close at 13.83%. This was on the back of significant buying interest across the curve. Overall, the Naira Fixed Income market closed positive as the average yield declined by 22bps to settle at 9.99%.
