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Daily Market Update (Equities)

Today, the Nigerian equities market closed positive, as the NGX All Share Index (ASI) increased by 0.40% to 99,192.82 points. Consequently, the market’s year-to-date (YtD) returns printed at 33.19% (vs. Yesterday: 32.66% YtD). Gains in FBNH, Transnational Corp and Fidelity Bank offset the losses in Dangote Sugar, Zenith Bank and Ecobank.

Total volume traded increased (+4.61% to 416.48mn units), while total value traded (-38.63% to NGN19.50bn) closed lower. FBNH was the top performer in terms of volume while GTCO top performer in term of value.

TRANSCORP, FBNH and AFRIPRUD recorded the highest gainers today, while TANTALIZER, IKEJAHOTEL and NASCON were the highest losers.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a negative note, as the average yield rose by 0.09% to settle at 17.29%. Likewise, the FGN bond market closed on a negative note as the average yield went up by 0.04% to settle at 17.35%. Overall, the Naira Fixed Income market ended on a negative note as the average yield increased by 0.06%  to settle at 17.32%.

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