Daily Market Update (Equities)
Today, the Nigerian Equities market performance declined as its benchmark index fell by 0.24% to 67,037.93 points. Notably, its year-to-date (YtD) returns fell to 30.80% (vs. Friday’s YtD: 31.12%). The losses recorded in STANBIC IBTC, OKOMUOIL and OANDO offset the gains incurred in DANGSUGAR, UBA and ACCESSCORP.
The Total Volume and Value traded for today are 216.07mn units and NGN3.55bn. FIDELITYBK traded the highest in terms of Volume, while DANGSUGAR traded the highest in terms of Value.
The top losers were SOVRENINS, OKOMUOIL and OANDO. While the top gainers were ROYALEX, CHIPLC and NASCON.
Daily Market Update (Fixed Income)
The NT-bills secondary market was unchanged as average yield stayed constant at 6.52%. However, the FGN Bond market closed slightly higher as average yield decreased by 0.01% to settle at 14.45%.