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Daily Market Update (Equities)

The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) declined by 1.45% to 82,024.38points. Consequently, the market’s year-to-date (YtD) returns went down to 9.70% (vs 11.31% Yesterday). The losses recorded in MTNN, ZENITH and GTCO offset the gains in DANGCEM, BUAFOODS and Transcorp Hotels.

The Total Volume and Value Traded today each rose by 17.75% and 4.31% to 1.64bn units and NGN25.38bn respectively. Today, ACCESSCORP traded the highest in terms of Volume while GTCO traded the highest in term Value.

Today, FTNCOCOA, CAVERTON and CHAMS topped the laggards’ chart while CADBURY, LINKASSURE and PRESTIGE topped the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed negative as the average yield rose by 0.16% to settle at 4.31%. Similarly, the FGN bond market closed on a negative note as the average yield went up by 0.01% to settle at 13.52%. Overall, the Naira Fixed Income market closed negative as the average yield climbed 0.08% to settle at 8.91%.

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