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Daily Market Update (Equities)

Today, the Nigerian Equities market closed on a positive note, with the NGX All Share Index (ASI) gaining 0.23% to settle at 100,299.48 points. This upward movement contributed to an increase in the market’s year-to-date (YtD) returns, which now stand at 34.14%, up from 33.83% recorded on Tuesday.

Trading activities witnessed mixed sentiment. While the total volume traded declined by 6.41% to 342.20mn units, the total value traded shares increased by 15.47%, to reach NGN4.75bn. Meanwhile, UNIVINSURE led the market in volume traded, while UCAP topped the charts in terms of the value traded.

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 0.16% to 22.20%. This is following selloff in the mid- and long-tenor bills. Similarly, the FGN bond market closed negative as the average yield went up by 0.01% to close at 18.75%. Overall, the Naira fixed income market concluded negative, with the average yield up by 0.08% to settle at 20.48%.

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