The Nigerian Equities Market closed negative today as its benchmark index went down by 0.47% to 64,625.28 points. Consequently, its Year-to-Date return printed at 26.10% (Yesterday: 26.69%). The negative market performance was primarily driven by loss in AIRTELAF NL, FIDELIYT, GTCO and ACCESSCO NL offsetting the gain in BUAFOODS NL, DANSUGAR, ETERNA NL and FBNH.
Today, AIRTELAFRI traded highest in terms of Volume while GTCO traded the highest in terms of Value.
The top gainers for today were ETERNA, CWR and FTNCOCOA while NEM, SUNUASSUR and GUINEAINS topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the Nigerian Treasury bills secondary market closed negative as average yield increased by 0.06% to close at 7.31%. Meanwhile, the FGN bond market closed negative as average yield increase by 0.06% to close at 13.72%.