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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%.

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