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Daily Market Update (Equities)

The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (NGX ASI) gained 0.05% to settle at 98,177.88 points. As a result, the market’s year-to-date (YtD) returns rose to 31.30% from 31.27% on Friday.

ACCESSCORP traded the highest in terms of both Value and Volume

The top gainers for the week were BERGER, REGALINS and CORNEST, while CHAMPIONS, CILEASING and SOVERINS topped the laggards.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a bullish note as average yield shed 4bps to settle at 22.13%, following buying interest across tenors. However, the secondary FGN Bond market ended the day on a flat note, as average yield remained at 18.69%. Overall, the Naira Fixed Income market closed bullish, as average yield declined by 2bps to 20.41%.

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