Daily Market Update (Equities)

Today, the Nigerian Equities market halted it downward trend, as the NGX All Share Index gained 0.05% to settle at 100,067.77 points. Consequently, the market’s year-to-date (YtD) returns rose to 33.83% compared to Monday’s 33.76% YtD return. This positive sentiment was driven by gains in ZENITHBANK, GTCO and ACCESSCORP offsetting losses in FBNH, TRANSCORP and DANGSUGAR.

Similarly, there was an increase in trading activities as the total Volume and Value traded each climbed by 33.11% and 10.86% to 365.64mn units and NGN4.12bn respectively. UNIVINSURE led the charts in terms of Volume while, for the consecutive day, UCAP Value traded the highest in terms of value.

The top gainers for today were, CORNERST, JAIZBANK and FIDSON, while RTBRISCOE, CUTIX and CILEASING led the laggards.

Daily Market Update (Fixed Income)

Today, the NT-bills market closed on a negative note as the average yield rose by 0.01% to 22.04%. This is following selloff in the long-tenor bills. On the flip side, the FGN bond market closed flat with the average yield at 18.75%. Overall, the Naira fixed income market concluded negative, with the average yield up by a slight 0.01% to settle at 20.39%.