Daily Market Update | 22-07-2024

Daily Market Update (Equities)

Today, the Nigerian equities market closed positive as the NGX All Share Index surged by 0.03%, closing at 100,568.60 points. This pushed the market’s year-to-date (YTD) return up to 34.50%, compared to 34.46% YTD on Friday. Gains in ZENITH, JULIUS BERGER, and ECOBANK were the main drivers of the positive performance, outweighing losses recorded by UCAP, OANDO, and FCMB.

Market activity was less positive, with total volume and value traded decreasing by 44.41% and 59.44% respectively, to 335.70mn units and NGN3.72bn. ELLAHLAKES was the most traded by volume, while UCAP led in terms of value traded.

LIVESTOCK, NEIMETH and JBERGER led the gainers, while CAVERTON, ROYALEX and VERITASKAP led the laggards.

Daily Market Update (Fixed Income)

Today, the Nigerian Treasury bills (NT-bills) market closed on a positive note with the average yield falling by 0.05% to settle at 24.84%. This is following buying interest across the tenors. Conversely, the FGN bond market closed on a negative note as the average yield rose by 0.04% to 19.41%. Overall, the Naira fixed income market concluded unchanged at 22.13%.

 

Related News

Subscribe

Get a prompt weekly email from our professional team on market insights, investing strategy and valuable tips for your finances!