Daily Equities Market Update (Equities)

Today, Nigerian Equities market closed with a positive performance  as its benchmark index went up by 0.18% to 71,353.81 points. As a result, its year-to-date (YtD) returns increased to 39.22% (vs. last Friday’s YtD: 38.98%). The gains recorded in , FBNH, MULTIVERSE, and NSLTECH offset the losses incurred in , ETRANZACT, UNITYBNK and OMATEK.

The Total Volume and Value traded for today are 746.67mn units and NGN5.95bn. ACCESSCORP traded the highest in terms of both Value and Volume.

Today, FBNH, ACCESSCORP, and ZENITHBANK topped the gainers’ chart, while BUAFOODS, ETRANZACT and GTCO. topped the losers’ chart.

Fixed Income Market Update 

Today, the NT-bills secondary market closed bearish as average yield went up by 1bp to settle at 10.51%. Conversely, the FGN Bond market closed the day on a bullishnote as average yield tapered down by 4bps to settle at 15.87%. This was on the back of significant buying interest in Mar-2024 (+93%) instrument. Overall, the Naira Fixed Income market closed positive as average yield declined by 2bps to settle at 13.19%.