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Daily Market Update (Equities)

The Nigerian Equities market rebounded from it two (2) days loss. The All-Share Index (ASI) rose marginally by 0.05% to 98,169.30 points. Consequently, the market year-to-date (YtD) returns rose to 31.29% compared to 31.24% YtD yesterday. The rebound was driven by gains in TRANSCOH, MTNN, and TRANSCOR offsetting the loss in FBNH, STERLING and ZENITH.

However, market activity was subdued today with the Total volume and value traded declining significantly by 24.80% and 31.95% each to 297.20mn units and NGN6.52bn respectively. Today, ACCESSCORP traded the highest in terms of Volume, while MTNN traded the highest in terms of Value.

Today LIVESTOCK, OANDO and MBENEFIT topped the gainers chart, while STERLINGNG, CWG and INTENEGIND topped the loser’s chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a positive note with a significant decline in the average yield by 2.60% to 22.47%, driven by strong buying interest across all tenors. In contrast, the FGN bond market closed flat at 18.97%. Overall, the Naira fixed income market closed positively with the average yield down by 1.30% to settle at 20.72%.

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