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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 2.97% to settle at 98,616.97 points. This trend was boosted by gains in DANGCEM, BUA CEMENT, BUA FOODS, SEPLAT and MTNN offsetting losses incurred in TRANSCORP, ZENITH, DANGSUGAR and GTCO. Consequently, the market’s year-to-date returns (YTD) increased to 31.89%.

Total Volume increased by 3.56% to 747.51mn units while total Value increased by 12.97% to NGN16.28bn. Today, ACCESSCORP traded the highest in terms of Volume while DANGCEM traded the highest in terms of Value.

BUACEMENT, SEPLAT and DANGCEM topped the gainers’ chart today while MAYBAKER, JOHNHOLT and DEAPCAP topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed negative as the average yield increased by 0.31% to settle at 4.18%. Similarly, the FGN bond market closed on a negative note as the average yield rose by 0.03% to settle at 13.58%. Overall, the Naira Fixed Income market negative as the average yield surged by 0.17% to settle at 8.88%.

 

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