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Daily Market Update (Equities)

The Nigerian Equities market gained today, as the NGX All Share Index (NGX ASI) added 0.11% to 98,285.53 points, bring the year-to-date returns to 31.44%, from yesterday’s 31.27% YtD.

Total volume and value traded declined by 45.05% and 23.02% to 222.90mn units and NGN5.15bn. GTCO traded the highest in terms of both Value and Volume.

BERGER, NESTLE and ROYALEX topped the gainers chart today while INTENEGINS, DEAPCAP and UPDC led the laggards.

Daily Market Update (Fixed Income)

Today, average yield at the NT-bills secondary market shed 0.01% to close at 22.12%. However, the average yield at the secondary FGN Bond market closed flat at 18.69%, as investors anticipated the outcome of the Monetary Policy Committee (MPC) meeting, which concluded today. For the most part, the Naira Fixed Income market ended the day on a flat note, as average yield remained at 20.41%.

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