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Daily Market Update (Equities)

Today, the Nigerian Equities market closed on a negative note, as the All-Share Index (ASI) declined by 1.18% to 98,121.30 points. Therefore, the market year-to-date (YtD) returns fell to 31.24% from yesterday’s 32.82% YtD. This declined was driven by losses in MTNN, Transcorp Hotel and FBNH offsetting the gains in Zenith, FCMB and GTCO.

Today, total volume traded declined by 31.20% to 395.19mn units, while total value traded increased by 22.10% to NGN9.57bn respectively. GTCO traded the highest in terms of both Volume and Value.

The top gainers for today were NEIMETH, CAP and FCMB, while the top losers were MTNN, OANDO and FBNH.

Daily Market Update (Fixed Income)

Today, the NT-bill secondary market closed on a positive note, as the average yield declined 0.01% to settle at 25.07%. Likewise, the FGN bond market ended the day positive as the average yield went down by 0,01% to settle at 18.97%. Overall, the Naira Fixed Income market ended on a positive note as the average yield decreased by 0.01% to settle at 22.02%.

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