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Daily Market Update (Equities)

Today, the Nigerian equities market closed negative as the NGX All Share Index (NGX ASI) declined by 0.16% to 98,129.16 points, pushing the market’s year-to-date (YtD) returns down to 31.23% (vs. Yesterday: 31.27% YtD). The negative sentiment in the market was driven by losses in ZENITHBANK (-4.62%), GTCO (-3.55%), UBA (-2.16%) and FIDELITYBANK (-4.49%), offsetting gains in LAFARGE (+4.48%), JBERGER (+7.19%), NB (+3.46%) and OANDO (+3.96%).

Total Volume and Value traded both increased by 21.90% and 5.56% each to close at 271.71mn units and NGN5.43bn respectively. ACCESSCORP traded the highest in terms of Volume while GTCO led the Value chart.

The top gainers for today were OMATEK, JBERGER and OANDO, while the top losers were MULTIVERSE, CORNERST and DEAPCAP.

Daily Market Update (Fixed Income)

At today’s close of trade, the NT-bills secondary market closed bullish, as average yield declined marginally by 0.01% to 22.11%. Contrastingly, for the second consecutive trading session this week, the average yield at the secondary FGN Bond market closed flat at 18.69%. Overall, average yield at the Naira Fixed Income market closed at 20.40%.

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