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Daily Market Update (Equities)

The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.06% to 71,050.87 points. This performance can be attributed to gains in GTCO, Beta Glass Plc and Zenith Bank Plc offsetting losses in FBN Holdings, Sterling Financial Holdings and Unilever Nigeria Plc. Notably, the market’s year-to-date (YtD) returns rose to 38.63% from 38.54% yesterday.

Today, CHAMS traded the most by Volume while PRESCO traded the most based on Value.

The top gainers for today were BETAGLAS, MULTIVERSE and ENAMELWA while ELLAHLAKES, OMATEK and ACADEMY topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed positive as average yield decreased by 0.10% to settle at 12.57%. Conversely, the FGN Bond market ended the day lower as average yield increased by 0.26% to settle at 16.08%.

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