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Daily Market Update (Equities)

The Nigerian equities market edged slightly higher today. The All-Share Index (ASI) rose a modest 0.01% to close at 98,176.76 points. This minor gain pushed the year-to-date (YTD) return to 31.30%, up from 31.29% yesterday. Driving the modest gain were stocks like FBNH, STANBIC, and ACCESSCORP, which counterbalanced losses in ZENITH, NESTLE, and OKUMUOIL.

Today, the Total volume and value traded dipped by 10.81% and 22.92% each to 265.07mn units and NGN5.02bn respectively. Today, UBA traded the highest in terms of both Volume and Value.

FBNH, LIVESTOCK and AFRPRUD led the gainers, while SOVRENINS, REGALINS and UNITYBNK led the laggers.

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