Daily Market Update (Equities)
Today, the Nigerian equities market closed negative, declining by 1.38% to 100,582.89 points. This pushed market’s year-to-date (YtD) returns down to 34.52% (vs. Yesterday: 36.41% YtD). Losses in MTNN, FBNH, and UBA outweighed gains in TRANSCORP, STERLING, and AFRICA PRUDENTIAL, contributing to the negative performance.
Total volume traded (-4.71% to 280.46mn units) and total value traded (-8.96% to NGN6.12bn) closed lower. ACCESSCORP was the top performer in terms of volume and NASCON performed best in value terms.
FBNH, MTNN and JAPAULGOLD recorded the highest losses today, while AFRIPUD, ELLAHLAKES and MAYBAKER were the highest gainers.
Daily Market Update (Fixed Income)
Today, average yield at the NT-bills secondary market closed unchanged at 16.63%. Conversely, the secondary FGN Bond market saw negative sentiment as the average yield in the market went up by 0.01% to 16.83%. Overall, the Naira Fixed Income market closed negative as the average yield rose by 0.01% to settle at 16.73%.
