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Daily Market Update (Equities)

Today, the Nigerian Equities Market started the week with gains as its benchmark index increased by 0.71% to 65,202.41 points. Hence, its Year-to-Date returns settled at 27.22% from 26.33% last week Friday. We believe the positive performance inn the market today was primarily driven by gains in BUAFOODS, STANBIC, DANGSUGAR, TRANSCORP and UBA, offsetting the losses recorded in FBNH, FIDELITY, JAIZBANK, ZENITHBANK and CORNEST.

The total Volume was NGN231.60mn units while the market recorded a total Value traded of NGN3.99bn. Today, GTCO recorded the highest Volume traded while MTNN traded the highest in terms of Value.

Today, JOHNHOLT, BUAFOODS and MANSARD topped the gainers’ chart while TANTALIZER, OMATEK and JAIZBANK were the top losers for today’s trading session.

Daily Market Update (Fixed Income)

At the Nigerian Treasury bills market today, the average yield remained at 8.39% while at the FGN Bond market, average yield went up by 0.11% to 13.93%.

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