Daily Market Update (Equities)
The Nigerian Equities market continued its negative run as its benchmark index lost 0.31% to 66,448.63 points. As a result, its year-to-date (YtD) returns fell to 29.65% (vs. Tuesday: 30.05% YtD). The gains recorded in ZENITHBANK, FIDELITYBANK and BETAGLAS were not enough to cover the losses incurred in DANGSUGAR, UBA and TRANSCOHOT.
The Total Volume traded was 273.80mn units (vs. Tuesday: 363.99mn units) while the Total Value traded was NGN3.41bn (vs. Tuesday: NGN4.53bn).
Today, VITAFOAM, FTNCOCOA and OANDO topped the losers’ chart while RTBRISCOE, CWG and BETAGLAS were the top gainers.
Daily Market Update (Fixed Income)
The NT-bills secondary market ended today on a positive note as average yield in the market declined by 0.04% to settle at 8.33%. However, the FGN Bond market closed negative as average yield went up by 0.01% to 14.48%.