Daily Market Update (Equities)
Today, the Nigerian equities market closed on a positive note, as the NGX All Share Index (ASI) went up by 0.35% to settle at 99,192.82 points. As a result, the year-to-date (YtD) returns printed at 32.66% (vs. Yesterday’s 32.20% YtD returns). The positive market sentiment was driven by gains in FBNH, Transnational Corp and GEREGU, offsetting the loses in MTNN, Dangote Sugar and NASCON.
The Total Volume traded declined by 7.33% to 398.13bn units while the Value traded went up by 59.55% to NGN31.79trn. ACCESSCORP traded the highest in terms of Volume, while MTNN traded the highest in terms of Value.
Today, NASCON, INTBREW and MAYBAKER topped the losers’ chart while FBNH, CHAMPION and GTCO led the gainers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed on a positive note, as the average yield went down by 0.01% to settle at 17.20%. However, the FGN bond market closed on a negative note as the average yield went up by 0.06% to 17.31%. Overall, the Naira Fixed Income market ended on a negative note as the average yield increased by 0.03% to settle at 17.26%.
