Daily Market Update (Equities)
The Nigerian equities market opened the week on a negative note, as the NGX All Share Index (ASI) declined by 0.40% to 104,663.34 points. As a result, the market’s year-to-date (YtD) returns fell to 39.97% compared to 33.19% YtD recorded on Friday. Losses in MTNN, GTCO and DANGSUGAR offset the gains in FBNH, STANBIC IBTC and UBA.
The total Volume and Value traded today witnessed notable increases of 32.34% and 115.75% each to settle at 287.45mn units and NGN10.80bn, respectively. GTCO traded the highest in terms of both Volume and Value
The top losers for today were DAARCOMM, MTNN, and REGALINS, while the top gainer was ABCTRANS, NEM, and LIVESTOCK.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed on a positive note, as the average yield dipped by 0.07% to settle at 18.54%. On the other hand, the FGN bond market closed flat at 18.40%. Overall, the Naira Fixed Income market closed in the positive territory as the average yield fell by 0.03% to settle at 18.47%.
