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Daily Market Update (Equities)

The Nigerian equities market noted a decline today as the All-Share Index (ASI) fell by  0.30% to close at 97,879.94 points. Consequently, the year-to-date (YTD) return to declined to  30.90%, from 31.30% last Friday. Gains in FBNH, ACCESSCORP and STERLING were offset by losses in GTCO, DANGSUGAR and SEPLAT.

Today, the Total volume and value traded increased by 4.59% and 1.20% each to settle at  277.27mn units and NGN5.08bn respectively. Today, UBA traded the highest in terms of both Volume and Value.

DANGSUGAR, CAP and BERGER led the gainers, while FBNH, CAVERTON and CUTIX led the laggers.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a bullish note with a significant decline in the average yield by 260bps to 22.47%, driven by strong buying interest across all tenors. In contrast, the FGN bond market closed flat at 18.97%. Overall, the Naira fixed income market closed positively with the average yield down by 130bps to settle at 20.72%.

 

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