Daily Market Update (Equities)
The Nigerian equities market made a positive comeback today, with the NGX All Share Index (ASI) increasing by 1.76% to settle at 103,498.28 points. Consequently, the year-to-date (YtD) returns rose to 38.42% (vs 36.02% YtD yesterday). Gains in AIRTELAFRI, BUAFOODS, and SEPLAT drove the market’s positive sentiment, while losses in BUACEMENT, FIDELITYBANK, and INTBREW limited the upside.
The Total Volume and Value traded increased by 62.19% and 181.51% each to 426.86mn units and NGN12.11bn respectively. Today, FBNH traded the highest in terms of Volume while GEREGU for the consecutive time traded the highest in terms of Value.
The top gainers for today were AIRTELAFRI, FBNH and MORISON while NCR, MEYER and BUACEMENT led the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed on a negative note as the average yield increased by 0.08% to settle at 15.23%. Similarly, the FGN bond market closed negative as the average yield rose by 0.09% to close at 15.85%, this was driven by selloffs in the MAR-2024 (+1.92%) and JUN-2038 (+0.03%) instruments. Overall, the Naira Fixed Income market ended on a negative note as the average yield climbed by 0.08% to settle at 15.54%.
