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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 0.05% to settle at 104,056.21 points. As a result, the year-to-date (YtD) return went up to 39.16% compared to last Friday’s 3.10% YtD .

The total Volume traded declined by 30.08% to NGN226.31mn, similarly, the total value traded declined by 18.76% NGN 7.41bn units. FBNH traded the highest in terms of Volume while NESTLE traded the highest in terms of Value.

Today, ROYALEX, UNILEVER, and TANTALIZER topped the gainers’ chart while INTENEGINS, SUNUASSUR and INTBREW led the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bill secondary market closed bullish, as the average yield declined by 4bp to settle at 18.74%. This follows buying interest across all tenors. Conversely, the FGN bond market closed bearish as the average yield increased by 27bps to settle at 18.33. Overall, the Naira Fixed Income market closed negative as the average yield went up by 11bp to settle at 18.54%.

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