Daily Market Update | 1-08-2023

Daily Market Update (Equities)

The Nigerian Equities market continued its negative run this week as its benchmark index fell by 0.23% to 64,192.20 points. Consequently, its Year-to-Date return printed at 25.25% (Yesterday: 25.53%). The market movers for today include Dangote sugar, MTN Nigeria, Nigeria Breweries, Ecobank and AXA Mansard.

Today, AIICO traded the highest in terms of Volume while MTNN traded the highest in terms of Value. Total Volume and Value traded for today settle at NGN762.10mn and NGN7.71bn respectively.

The top gainers for today were ABBEYBDS, DANSUGAR and MULTIVERSE while JOHNHOLT, ELLAHLAKES and FIDELITYBK topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, average yield in the Nigerian Treasury bills secondary market closed at 7.12%. However, the FGN bond market closed negatively as the average yield in the market rose by 0.03% to 13.10%

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