Daily Market Update (Equities)
Today, the Nigerian Equities market witnessed a decline for second time this week as the All-Share Index (ASI) dropped by 1.89% to settle at 101,154.13 points. This was driven by losses in MTN, Zenith Bank and GTCO, which offset the gains in Geregu, PZ Cussons and Vitafoam. Consequently, the market’s year-to-date returns (YTD) fell to 35.28% compared to yesterday’s 37.89%.
Today, the total Volume and Value traded went up by 14.11%% and 100.25%% each to reach 749.53mn units and NGN22.20bn respectively. GEREGU led the charts for the consecutive trading day in terms of total Volume traded while GTCO traded the highest in terms of Value.
The top gainers for today were PZ, GEREGU, CILEASING and CORNERST and ETI while MAYBAKER, STERLINGNG and CONOL led the decliners’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed negative as the average yield went up by 0.22% to settle at 9.15%. Similarly, the FGN bond market closed on a negative note as the average yield surged by 0.47% to settle at 14.49%. Overall, the Naira Fixed Income market negative as the average yield increased by 0.34% to settle at 11.82%.