Daily Market Update (Equities)
The Nigerian Equities Market kicked off the week on a positive note as its benchmark index rose by 0.71% to close at 67,877.17 points. Consequently, the Year-to-Date (YtD) returns increased to 32.44%, (Friday: 31.50% YtD). The gains in Northan Nigeria Flour Mills, Chams, Stanbic IBTC, LASACO, and Transcorp offset the losses in Omatek, Skyway Aviation, Beta Star, Red Star Express and Corteville, Business Solution.
The Total Volume and Value traded for today are 515.25mn units and NGN8.92bn. ACCESSCORP traded the highest in terms of Volume while AIRTELLAFRI traded the highest in terms of Value.
The top gainers in today’s trading session were CHAMS, NNFM and OANDO while the top losers were OMATEK, SKYAVIN, BETAGLAS.
Daily Market Update (Fixed Income)
At the Nigerian Treasury bills market today, the average yield decline by 0.11% to settle at 7.87% while at the FGN Bond market, average yield increased by 0.03% at 14.42%.