Daily Market Update (Equities)

Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.49% to settle at 96,510.13 points. Also, the market’s year-to-date (YtD) returns increased to 29.07% compared to 28.44% on Monday.

Today, the total volume traded increased by 17.49% to 443.16mn units and value traded increased by 49.22% to NGN5.64bn. ACCESSCORP made its top position in value traded, while VERITASKAP made it top position in Volume traded for today.

Top gainers today were JBERGER, OANDO and OKOMUOIL. On the other hand, UPL, CUTIX and VITAFOAM topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the positive momentum in the Nigeria fixed income market continued, with the average yield in the NT-bills market declined by 0.32% to close at 21.35%. Similarly, the FGN bond market observed positive sentiment as the average yield dipped by 0.12% to settle at 19.43%. As a result, the overall Naira fixed income market concluded on a positive note as the average yield decreased by 0.22% to settle at 20.39%