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Daily Market Update (Equities)

Today, the Nigerian Equities Market closed on downward note as its benchmark index reduced by 0.30% to 65,082.11 points. Consequently, its Year-to-Date returns settled at 32.84 from 33.24% Yesterday. We believe the negative performance in the market today was primarily driven by losses in DANGOTE Cement, DANSUGAR, Nestle, and NASCON, offsetting the gains recorded in FBN, GTCO, Fidelity Bank, and International Breweries.

The Total Volume traded for today was 378.09mn units while Total Value traded was NGN8.37bn. OANDO traded the highest in terms of Volume while NESTLE traded the highest in terms of Value.

Today, BETAGLAS, CWG and GUINEAINS topped the gainers’ chart while MORISON, COURTVILLE and NASCON were the top losers for today’s trading session.

Daily Market Update (Fixed Income)

At the Nigerian Treasury bills market today, the average yield declined by 0.25% to settle at 7.63% while at the FGN Bond market, average yield dipped by 0,04% to close at 14.06%.

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