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Daily Market Update (Equities)

Today, the Nigerian equities market bounced back from its previous day loss, climbing 0.84% to 102,088.10 points. Consequently, the market’s year-to-date (YtD) returns printed at 36.53% (vs. Yesterday: 35.39% YtD). Gains in BUAFOODS, FBNH, and Transnational Corp outweighed losses in ZENITH, GTCO, and NB, contributing to the positive performance.

Market sentiment was further rejuvenated by upswings in both total volume (15.02% to 291.01mnunits) and value (21.74% to NGN6.02bn). GTCO traded the highest in terms of both volume and value today.

The top gainers for today were DAARCOMM, PZ and FBNH, while MORISON, LIVESTOCK and OMATEK were the highest losers.

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