The Nigerian Equities Market closed positive today as its benchmark index soared by 1.62% to 65,204.82 points. Consequently, its Year-to-Date return printed at 27.23% (Yesterday: 25.20%). The positive market performance was primarily driven by gains in Dangote Cement Plc, FBN Holdings, and MTN Nigeria Plc offsetting the losses in Dangote Sugar Refinery and Unilever Nigeria Plc.
Today, FBNH traded highest in terms of Volume and Value.
The top gainers for today were DANGCEM, COENERST and CAVERTON while CAP, ACADEMY and DANGSUGAR topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the Nigerian Treasury bills secondary market closed flat as average yield remained at 7.25%. Meanwhile, the FGN bond market closed negative as average yield increased by 0.03% to close at 13.48%.
