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Daily Market Update (Equities)

The Nigerian Equities market close the today on a positive note as its benchmark index rose by 0.19% to settled at 70,748.97 points. Consequently, the year-to-date returns printed at 38.04% YtD (vs. Yesterday: 37.78% YtD). The gains in BUA Cement, UBA and LAFARGE offset losses incurred in Fidelity, PZ Cussons and Zenith.

Today, FBNH traded the highest in terms of Volume and Value.

JAPAULGOLD, PRESTIGE and CORNEREST were the top gainers for today while CAVERTON, SCOA and UPDC topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed positive as the average declined by 0.07% to close at 14.31%. However, the FGN bond market closed negative as the average yield rose by 0.01% to close at 15.76%.

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