Daily Market Update (Equities)
Today, the Nigerian equities market closed negative, declining by 1.27% to 99,302.57 points. This pushed market’s year-to-date (YtD) returns down to 32.80% (vs. Yesterday: 34.52% YtD). Losses in FBNH, GTCO, and DANGSUGAR outweighed gains in PZ, AXA MANSARD, and NIGERIA AVIATION HANDLING CO, contributing to the negative performance.
Total volume traded increased (+41.28% to 396.23mn units), while total value traded (-4.80% to NGN5.83bn) closed lower. ACCESSCORP was the top performer in terms of volume and value.
FCMB, FBNH and CHAMPION recorded the highest losses today, while PZ, MANSARD and NAHCO were the highest gainers.
Daily Market Update (Fixed Income)
Today, average yield at the NT-bills secondary market closed lower as average yield rose by 0.29% to settle at 16.92%. Similarly, the secondary FGN Bond market saw negative sentiment as the average yield in the market went up by 0.38% to 17.21%. Overall, the Naira Fixed Income market closed negative as the average yield rose by 0.33% to settle at 17.07%.
