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Daily Market Update (Equities)

The Nigerian Equities market begun the week on a negative note, as its benchmark index dropped 0.33% to settle at 70,612.81 points (Year-to-Date return: 37.84%). The market was overrun by losses incurred on BUACEMENT, SEPLAT and ACCESSCORP, regardless of the gains on MTNN, ZENITHBANK and OANDO.

Total Volume traded fell by 11.85% to 474.39mn units while Total Value traded surged by 43.00% to NGN7.75bn. FIDELITYBANK was the most traded stock by Volume in the market today, while MTNN traded the highest in terms of Value.

Top gainers for today were ALEX, DEAPCAP and CAVERTON while the top losers were JAPAULGOLD, BUACEMENT and VERITASKAP

Daily Market Update (Fixed Income)

At today’s close of trade, average yield in the NT-bills secondary market dropped 0.01% to settle at 13.35%. However, the FGN Bond market closed negative as average yield increased by 0.04% to settle at 15.67%.

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