Daily Market Update | 16-04-2024

Daily Market Update (Equities)

The Nigerian equities market extended its negative run today, as the NGX All-Share Index (NGX ASI) declined by 1.93% to close at 99,808.34 points, bringing the year-to-date (YtD) returns to 33.48% from yesterday’s 36.11% YtD. This is following gains in UNIVINSURE, VERIKAP and MORISSON being offset significantly by loses in DANGCEM, ZENITHBANK and UBA.

Trading activity picked up today as Total volume and value traded increased by 23.65% and 16.91% each to 403.89mn units and NGN8.38bn respectively. ACCESSCORP was the most traded stock by volume, while GTCO led in terms of the value traded.

The top gainers for the day were MORISON, UNIVINSURE and OMATEK while FIDELITYBANK, CORNERST and FLOURMILL topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed bullish as average yield declined marginally by 0.01% to 18.77%, following buying interests across all tenors. On the flipside, the secondary FGN Bond market closed flat at 19.27% after witnessing a mixed trading session. Overall, the Naira Fixed Income market closed flat at 19.02%.

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