Daily Market Update (Equities)
The Nigerian Equities Market experienced a positive run for the first time this week as its benchmark index rose by 0.12% to 64,267.36 points. Consequently, its Year-to-Date return printed at 25.40% (Yesterday: 25.25%). The market movers for today include Dangote sugar, Lafarge, Nigeria Breweries, NASCON and FBN Holdings.
Today, FBNH traded the highest in terms of Volume also traded the highest in terms of Value. Total Volume and Value traded for today settle at NGN330.78mn and NGN4.26bn respectively.
The top gainers for today were NASCON, ABBEYDS and CHAMS while UPL, OMATEK and JOHNHOLT topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, average yield in the Nigerian Treasury bills secondary market closed at 7.07%. However, the FGN bond market closed negatively as the average yield in the market rose by 0.10% to 13.23%