Daily Market Update (Equities)
The Nigerian Equities market started 2024 on a positive note as the NGX All Share Index (ASI) grew by 1.63% to 75,990.88 points. Consequently, the market’s year-to-date (YtD) returns settled at 1.63%.
The Total Volume increased by 39.93% to 515.81mn units, while Total Value fell by 56.53% to NGN5.57bn.
Today, MBENEFIT traded the highest in terms of Volume while AIRTELAFRICA traded the highest in terms of Value.
The top losers for today were CADBURY, PRESTIGE and OMATEK while AIICO, MULTIVERSE and ABBEYBDS topped the gainers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed flat as the average yield remained at 6.29%. Similarly, the FGN bond market stagnated as the average yield closed at 14.14%. Overall, the Naira Fixed Income market also concluded the day flat, with the average yield closing at 12.88%.
