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Daily Market Update (Equities)

The Nigerian Equities market had a positive trading session today as the NGX All Share Index (ASI) increased by 0.70% to 82,597.04points. Consequently, the market’s year-to-date (YtD) returns rose to 10.46% (vs 9.70% Yesterday). The gains recorded in FBNH, UBA and GTCO offset the losses in Abbey Mortgage Bank, Honeywell Flour Mill and Ikeja Hotel.

Today, the Total Volume and Value Traded declined by 46.55% and 43.20% each to 877.28mn units and NGN14.41bn respectively. Today, ACCESSCORP traded the highest in terms of Volume and Value.

Today, ABBEYBDS, IKEJAHOTEL and CAVERTON topped the laggards’ chart while GUINEAINS, JBERGER and CADBURY topped the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed positive as the average yield declined by 1.03% to settle at 3.28%. Similarly, the FGN bond market closed on a positive note as the average yield fell by 0.16% to settle at 13.36%. Overall, the Naira Fixed Income market witnessed as positive trading session as the average yield went down by 0.60% to settle at 8.32%.

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