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Daily Market Update (Equities)

The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 1.30% to settle at 91,768.12 points. This trend was boosted by gains in DANGCEM, Unilever Nigeria PLC, FCMB, Eterna and E-Tranzact offsetting losses incurred in Nestle, ZENITH, Access and Flour mills. Consequently, the market’s year-to-date returns (YTD) increased to 28.08%.

Total Volume decreased by 4.92% to 721.81mn units while total Value increased by 10.91% to NGN14.41bn. Today, ACCESSCORP traded the highest in terms of Volume while NESTLE traded the highest in terms of Value.

SUNUASSUR, DANGCEM and TRIPPLEG topped the gainers’ chart today while UPL, CADBURY and SOVERNINS topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed negative as the average yield increased by 0,48% to settle at 3.87%. However, the FGN bond market closed on a positive note as the average yield fell by 0.01% to settle at 13.55%. Overall, the Naira Fixed Income market negative as the average yield surged by 0.24% to settle at 8.71%.

 

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