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Daily Market Update (Equities)

The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.18% to settle at 71,669.91 points. This was driven by gains in ECOBANK, MTNN and BUACEMENT which offset losses incurred on FBNH, TRANSCORPHOTELS and TRANSCORP. Consequently, the market’s year-to-date (YtD) returns printed at 39.84% from Last Friday’s 39.59%.

However, total Volume and Value traded fell by 25.51% and 46.53% each to 375.32mn units and NGN3.85bn respectively. ACCESSCORP traded the highest in terms of both volume and value.

The top gainers for today were ETI, DEAPCAP and INFINITY while the top losers for today were RTBRISCOE, NSLTECH and NEM.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed positive as the average yield fell by 0.01% to settle at 11.00%. Conversely, the FGN bond market closed negative as the average yield rose by 0.73 to settle at 15.59%.

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