Daily Market Update (Equities)
The Nigerian equities market witnessed a downward trajectory today as its benchmark index, the NGX All Share Index (ASI), declined by 0.49% to reach 71,457.92 points. Consequently, its Year-to-Date (YtD) returns dropped to 39.43% compared to yesterday’s 40.11%. Losses recorded in FBN Holdings, Access Holdings, and Zenith offset the gains in International Breweries, AXA Mansard Insurance, and Nigerian Aviation Handling.
The total Volume and Value traded today were 436.56mn units and NGN7.55mn. Today, NB traded the most in terms of Volume and Value.
Today, FBNH, NSLTECH and DEAPCAP led the losers’ chart while MULTIVERSE, MANSARD and INFINITY were at the top of the gainers’ chart.
FIXED INCOME
Today, the NT-bills secondary market closed on a positive note as the average yield went down by 0.09% to settle at 11.02%. Similarly, the FGN bond market also closed positive as the average yield declined by 0.85% to settle 14.74%.
