Today, the Nigerian Equities Market observed gains as its benchmark index increased by 0.44% to 65,488.67 points. Hence, its Year-to-Date returns settled at 27.78% from 27.22% Yesterday. We believe the positive performance in the market today was primarily driven by gains in BUAFOODS, DANGSUGAR, TRANSCORP, NASCON and GUINNESS, offsetting the losses recorded in NB, FBNH, ACCESSCORP, UBA, and ETI.
The total Volume was NGN293.46mn units while the market recorded a total Value traded of NGN4.12bn. Today, ACCESSCORP recorded the highest Volume traded while MTNN traded the highest in terms of Value.
Today, CORNERST, CWG and ABCTRANS topped the gainers’ chart while SUNUASSUR, NB and JOHNHOLT were the top losers for today’s trading session.
Daily Market Update (Fixed Income)
At the Nigerian Treasury bills market today, the average yield declined by 0.11% to settle at 8.28% while at the FGN Bond market, average yield rose by 0.09% to 14.03%.