Daily Market Update (Equities)
Extending its negative run, the Nigerian Equities market lost 0.18% in today’s trading session, following the inability of gains in ZENITHBANK, GTCO, UBA and JAIZBANK to offset losses incurred in MTNN, FBNH, ACCESSCORP and UNICAP. Consequently, the market’s year-to-date (YtD) returns fell to 39.02% from yesterday’s close of 39.27% YtD.
Today, total Volume traded surged by 22.03% to 374.41mn units, while total Value traded declined by 0.81% to NGN11.29bn. GTCO traded the highest in terms of both Volume and Value.
Top gainers for the day were ABBEYBDS, LOTUSHAL15 and MAYBAKER while the top losers were UPDC, UCAP and SOVERENINS.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed positive as average yield declined marginally by 0.01% to 17.67%. However, the secondary FGN Bond market closed negative as average yield went up by 0.02% to 19.29%. Overall, the Naira Fixed Income market ended the day on a negative note as average yield slightly increased by 0.01% to 18.48%.
