Daily Market Update (Equities)
The Nigerian Equities market opened the week on a strong note, gaining 2.22% to settle at 104,674.67 points. This was spurred by gains in DANGCEM, BUA and Oando, which offset losses in Zenith Bank, Access Holdings and Transnational. Consequently, the market’s year-to-date returns (YTD) increased to 39.99%.
Today, the total Volume and Value traded increased by 28.96% and 188.62% each to reach 669.80mn units and NGN25.54bn respectively. JAPAULGOLD led the charts in terms of total Volume traded while DANGCEM traded the highest in terms of Value.
The top gainers for today were OANDO, DANGCEM and BERGER while DARRCOMN, CADBURY and NPFMCRFBK led the decliners’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed negative as the average yield increased by 1.60% to settle at 8.33%. Similarly, the FGN bond market closed on a negative note as the average yield went up by 0.15% to settle at 13.94%. Overall, the Naira Fixed Income market negative as the average yield surged by 0.87% to settle at 11.14%.
