Daily Market Update (Equities)
Today, the Nigerian equities market rebounded from its consecutive negative run, as the NGX All-Share Index (NGX ASI) rose by 0.10% to close at 99,909.54 points. As a result, the year-to-date (YtD) returns rose to 33.62% from yesterday’s 33.48% YtD. This is following gains in FBNH, FIDELITYBK and ACCESSCORP which offset losses in GTCO, UBA and INTBRW.
The Total volume and value traded declined significantly by 20.11% and 30.56% each to 322.66mn units and NGN5.82bn respectively. Today, ACCESSCORP traded the highest in terms of Volume and Value.
The top gainers for the day were IKEJAHOTEL, FIDELITYBK and ACADEMY while LIVESTOCK, CWG and INTENEGINS topped the losers’ chart.
Daily Market Update (Fixed Income)
At today’s close of trade, the NT-bills secondary market closed negative as average yield went up by 0.09% to 18.86%. This is following selloffs in the long-tenor bills (yield up by 0.38%). However, the secondary FGN Bond market closed flat at 19.27%. Overall, the Naira Fixed Income market closed bearish as average yield increased by 0.05% to 19.06%.
