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Daily Market Update (Equities)

The Nigerian Equities market continued its negative run this week as its benchmark index fell by 1.10% to 64,337.52 points. Consequently, its Year-to-Date return printed at 25.53% (Last Friday: 26.94%). The market movers for today include Conoil, FCMB, Custodian, Skyway and AXA.

Today, ABBEYBDS traded the highest in terms of Volume while MTNN traded the highest in terms of Value. Total Volume and Value traded for today settle at NGN112.26mn and NGN01.01bn respectively.

The top gainers for today were BETAGLAS, BERGER and CUSTODIAN while CAVERTON, DANGSUGAR and GUINNESS topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, average yield in the Nigerian Treasury bills secondary market closed at 7.12%. However, the FGN bond market closed negatively as the average yield in the market rose by 0.03% to 13.10%

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