The Nigerian Equities Market experienced a positive run today as its benchmark index rose by 0.21% to 65,336.80 points. Consequently, its Year-to-Date return printed at 27.48% (Last Friday: 27.21%).
Today, MTNN traded the highest in terms of Volume while FCMB traded the highest in terms of Value. Total Volume and Value traded for today settle at NGN320.37mn and NGN3.76bn respectively.
The top gainers for today were ENAMELWA, GLAXOSMITH and MAYBAKER while OMATEK, PRESTIGE and CORNRST topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, average yield in the Nigerian Treasury bills secondary market closed at 6.96%. However, the FGN bond market closed negatively as the average yield in the market rose by 0.04% to 13.35%
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024