Daily Market Update (Equities)
For the fourth (4th) day this week, the Nigerian equities market closed on a negative note, with the NGX All Share Index declining by 0.42% to close at 97,359.76 points. This decrease brought the market’s year-to-date (YTD) return down to 30.21%, a slight drop from yesterday’s 30.76% YTD. The negative performance was primarily driven by losses in WAPIC, OANDO, and DANGSUGAR, which overshadowed the gains recorded by UCAP, AFRIPRUD, and CUTIX.
Market activity was negative, with total volume and value traded declined by 69.26% and 63.09% respectively, to 565.12mn units and NGN8.53bn. Fidelity bank traded highest in terms of volume and value.
UCAP, AFRIPRUD and CUTIX led the gainers, while WAPIC, OANDO and DANGSUGAR led the laggards.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market ended on a negative note, with the average yield increasing by 0.14% to settle at 25.32%. However, the FGN bond market closed flat at 19.76%. Overall, the Naira fixed income market closed negative, with the average yield rising by 0.07% to settle at 22.57%.
