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Daily Market Update (Equities)

The Nigerian Equities market continued its positive trend as the NGX All Share Index (ASI) went up by 3.62% to 83,229.46points. Consequently, the market’s year-to-date (YtD) returns rose to 11.31% (vs 7.24% Yesterday). The gains recorded in DANGCEM, MTNN and BUAFOODS offset the losses in TOTAL, Champion Breweries and DAARCOMM.

The Total Volume and Value Traded today each increased by 17.11% and 59.46% to 1.39bn units and NGN24.33bn respectively. Today, FIDELITYBK traded the highest in terms of Volume while ACCESSCORP traded the highest in term Value.

The top losers for today were TOTAL, DAARCOMM and RTBRISCOE while FBNH, CADBURY and INTBREW topped the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market concluded on a positive note as the average yield declined by 0.73% to settle at 4.15%. Similarly, the FGN bond market closed positive as the average yield went down by 0.21% to settle at 13.51%. Overall, the Naira Fixed Income market witnessed a positive sentiment as the average yield decreased by 0.47% to 8.83%.

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