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Daily Market Update (Equities)

The Nigerian equities market started the week on a negative note, as the NGX All Share Index (ASI) closed down by 3.15% to settle at 102,393.23 points. As a result, the year-to-date (YtD) returns printed at 36.94% compared to Friday’s 41.39% YtD returns. The negative market sentiment witnessed was propelled by losses in DANGCEM, MTNN and NB offsetting the gains in GEREGU, TRANSNATIONAL CORP and FBNH.

Likewise, the Total Volume and Value traded declined by 17.60% and 5.59% each to 273.85mn units and NGN7.44 billion respectively. GTCO traded the highest in terms of Volume, while GEREGU traded the highest in terms of Value.

Today, DANGCEM, NGXGROUP and NEM topped the laggards’ chart while DAARCOMM, ABCTRANS and NAHCO led the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a positive note, as the average yield went down by 0.03% to settle at 15.44%. However, the FGN bond market closed flat at 16.12%. Overall, the Naira Fixed Income market ended positive as the average yield fell by 0.01% to settle at 15.78%.

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