Daily Market Update (Equities)
The Nigerian equities market rebounded from its two consecutive losses this week, as it posted a 0.30% gain in today’s trading session to 101,362.38 points. This brough the market’s year-to-date (YtD) returns up to 35.56% (vs. Yesterday: 35.16% YtD). Gains in te market were spurred by the impressive performance of BUACEM, FBNH and UBA, which were able to cover up for losses in OKOMUOIL, ACCESSCORP and LAFARGE.
Market sentiment today improved as both total Volume (+18.39% to 294.91mn units) and Value (+0.60% to NGN6.45bn) recorded increases. FBNH topped the total Volume and Value charts in today’s trading session.
FBNH, MBENEFIT and REGALINS recorded the highest gains today, while OKOMUOIL, MORISON and STERLINNG were the highest losers.
Daily Market Update (Fixed Income)
Today, average yield at the NT-bills secondary market dropped 0.01% to settle at 15.43%, pushing the market to a positive close. On the other hand, the secondary FGN Bond market saw negative sentiment as the average yield in the market climbed higher by 0.30% to 16.39%. Overall, the Naira Fixed Income market closed negative as the average yield increased by 0.15% to settle at 15.91%.
