Daily Market Update (Equities)
For the fourth straight trading session, the Nigerian Equities market closed on a positive note, as the NGX All Share Index (ASI) gained 0.22% to settle at 72,458.03 points. Consequently, the market’s year-to-date (YtD) returns climbed to 41.38% (vs 41.07% yesterday). This was driven by gains in ACCESSCORP, ZENITH and UBA offsetting losses incurred in Nigeria Breweries, OANDO and Jaiz Bank.
Total Volume traded increased by 3.09% to 446.58mn units, while the total Value traded declined by 10.16% to NGN7.26bn. Today, ACCESSCORP traded the highest in terms of Volume and Value.
The top gainers for today include INFINITY, JOHNHOLT and IKEJAHOTEL while RTBRISCOE, MBENEFIT and OMATEK topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed positive as the average yield declined by 2.54% to 8.30%. Similarly, the FGN Bond market also closed positive as the average yield dropped by 0.41% to settle at 14.49%. Overall, the Naira Fixed Income market closed on a positive note as the average yield tapered by 1.48% to close at 11.39%.
