Skip to main content

Daily Market Update (Equities)

The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) went up 0.62% to 78,020.54 points. Consequently, the market’s year-to-date (YtD) returns settled at 4.34% from 3.70% yesterday.

Total Volume increased by 6.92% to NGN984.19mn units, similarly, Total Value went up by 6.03% to NGN11,161.52bn. Today, FCMB traded the highest in terms of Volume while FIDELTYBK traded the highest in term Value.

The top gainers for today  where MTNN, TRANSCORP and  DANGSUGAR while ACCESS, FBNH and UBA topped the losers chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed flat as average yield remained constant at 6.16%. However, the FGN bond market closed bullish as average yield declined by 2bps to close at 13.81%. This was on the back of significant buying interest in the Mid-end of the curve. Overall, the Naira Fixed Income market closed positive as average yield declined marginally  by 1bp to settle at 9.98%.

How useful was this post?

Click on a star to rate it!

Average rating 4.5 / 5. Vote count: 2

No votes so far! Be the first to rate this post.

Leave a Reply