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Daily Market Update (Equities)

The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.10% to settle at 98,847.89 points. As a result, the year-to-date (YtD) returns printed at 32.20% compared to Friday’s 32.07% YtD returns. The positive market sentiment was driven by gains in BUA Cement, TRANSNATIONAL CORP and GEREGU, offsetting the loses in MTNN, Dangote Sugar and Nigerian Breweries.

Likewise, the Total Volume and Value traded went up by 16.87% and 193.76% each to 429.64mn units and NGN19.92bn respectively. AIICO traded the highest in terms of Volume, while GEREGU traded the highest in terms of Value.

Today, NASCON, MTNN MBENEFIT topped the losers’ chart while TRANSCORP, PZ and NEIMETH led the gainers’ chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a positive note, as the average yield went down by 0.03% to settle at 17.21%. However, the FGN bond market closed flat at 17.25%. Overall, the Naira Fixed Income market ended on a positive note as the average yield fell by 0.015 to settle at 17.23%.

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