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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 0.57% to settle at 102,149.93 points. This trend was boosted by gains in SEPLAT, GEREGU, ECOBANK, GTCO and DANGSUGAR offsetting losses incurred in LAFARGE, TRANSCORP, FBNH and PZ. Consequently, the market’s year-to-date returns (YTD) increased to 36.61%.

Total Volume decreased by 3.21% to 504.19mn units while total Value fell by 28.19% to NGN10.30bn. Today, JAPAULGOLD traded the highest in terms of Volume while GTCO traded the highest in terms of Value.

AIICO, JAPAULGOLD and MAYBAKER topped the gainers’ chart today while IKEJAHOTELS, HONYFLOUR and LINKASSURE topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed flat as average yield was unchanged at 6.73%. Similarly, the FGN bond market flatlined as the average yield stagnated at 13.59%. Overall, the Naira Fixed Income market was flat at 10.16%.

 

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