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Daily Market Update (Equities)

Today, the Nigerian Equities market posted its second consecutive day of losses during the week. The All-Share Index (ASI) fell by 0.48% to 98,228.50 points. Consequently, the market year-to-date (YtD) returns declined to 31.37% compared to 32.00% YtD yesterday. The was driven by losses in FBNH, GTCO, and DANGSUGAR offsetting the gains in PRESCO, WEMA and OANDO.

Market activity was mixed today with the total volume traded rising by 0.93% to 425.66mn units and value traded declining by 6.76% to NGN8.35bn. Today, ACCESSCORP traded the highest in terms of volume and value.

Today, PRESCO, JAPAULGOLD and FTNCOCOA topped the gainers chart, while UNITYBNK, FBNH and CHAMPION topped the loser’s chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a positive note with a decline in the average yield by 0.04% to 22.47%, driven by buying interest across all tenors. Similarly, the FGN bond market closed positive with a 0.23% dip in average yield to 18.59%. Overall, the Naira fixed income market closed positively with the average yield down by 0.13% to settle at 20.53%.

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