Daily Market Update (Equities)
The positive trend in the Nigerian Equities market sustained its run in today’s trading session, as the benchmark index went up by 2.04% to settle at 91,896.97 points. This trend was boosted by gains in DANGCEM, BUACEM, TRANSCORP, DANGSUGAR and PZ despite losses incurred on UBA, GTCO, ZENITH, FBNH and FIDELITYBANK. Consequently, the market’s year-to-date returns (YTD) increased to 22.90%.
Total Volume decreased by 13.18% to 1.13bn units while total Value increased by 16.72% to NGN19.12bn. Today, JAIZBANK traded the highest in terms of Volume while GTCO traded the highest in terms of Value.
CONOIL, JOHNHOLT and NEM topped the gainers’ chart today while IKEJAHOTEL, ROYALEX and MBENEFIT topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed negative as average yield went up by 0.02% to 3.30%. Similarly, average yield in the FGN Bond market increased by 0.03% to settle at 13.56%, bringing the market to a negative close. For the most part, the Naira Fixed Income closed negative as the average yield climbed higher by 0.02% to 8.43%.
