Daily Market Update (Equities)
The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) increased by 1.28% to 73,397.71 points. Consequently, the market’s year-to-date (YtD) returns settled at 43.21% from 41.40% yesterday. This was spurred on by gains in Airtel Africa, Stanbic and Transnational Corp offsetting losses incurred in Ecobank, Guinness and DANGSUGAR.
Total Volume and Value traded increased by 34.88% and 38.62% each to 554.64mn units and NGN12.82bn respectively. Today, GTCO traded the highest in terms of Volume and Value.
The top gainers for today include MULTIVERSE, INFINITY and E-Tranzact while TANTALIZER, CHAMS and GUINNESS topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed positive as the average yield dipped by 0.12% to settle at 8.17%. However, the FGN bond market closed negative as the average yield rose by 0.01% to settle at 14.36%. Overall, the Naira Fixed Income market closed on a positive note as the average yield declined by 0.06% to settle at 11.26%.
