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Daily Market Update (Equities)

Today, the Nigerian equities market closed positive, rising by 0.68% to 99,980.30 points. This pushed market’s year-to-date (YtD) returns up to 33.71% (vs. Yesterday: 32.80% YtD).

Total volume traded (+34.31% to 532.18mn units) and total value traded (+46.21% to NGN8.52bn) closed higher. JAPAULGOLD noted the highest trade in terms of volume while NESTLE recorded the highest trade in terms of value.

GTCO, NEM and CHAMPION recorded the highest gains today, while SUNUASSUR, ETERNA and CWG were the top losers.

Daily Market Update (Fixed Income)

Today, average yield at the NT-bills secondary market closed higher as average yield fell by 0.02% to settle at 16.90%. Conversely, the secondary FGN Bond market saw negative sentiment as the average yield in the market went up by 0.01% to 17.22%. Overall, the Naira Fixed Income market closed higher as the average yield fell by 0.01% to settle at 17.06%.

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