Daily Market Update (Equities)
The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 3.00% to settle at 101,571.11 points. This trend was boosted by gains in DANGCEM, BUA CEMENT, BUA FOODS, DANGSUGAR and TRANSCORP offsetting losses incurred in ECOBANK, ZENITH, FIDELITY and ACCESSCORP. Consequently, the market’s year-to-date returns (YTD) increased to 35.84%.
Total Volume decreased by 34.65% to 488.49mn units while total Value fell by 50.62% to NGN8.04bn. Today, JAIZBANK traded the highest in terms of Volume while BUACEMENT traded the highest in terms of Value.
BUACEMENT, JAPAULGOLD and CUTIX topped the gainers’ chart today while NEM, CADBURY and MAYBAKER topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed negative as the average yield increased by 2.55% to settle at 6.73%. Similarly, the FGN bond market closed on a negative note as the average yield rose by 0.01% to settle at 13.59%. Overall, the Naira Fixed Income market negative as the average yield surged by 1.28% to settle at 10.16%.
