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Daily Market Update (Equities)

Today, the Nigerian Equities market closed flat, ending its negative streak. The All-Share Index (ASI) was largely unchanged at 98,223.97 points. Consequently, the market year-to-date (YtD) returns declined marginally to 31.36% compared to 31.37% YtD yesterday. The was driven by losses in LAFARGE, ZENITH, and GTCO offsetting the gains in MTNN, OKOMU and NESTLE.

Market activity was mixed today with the total volume traded falling by 25.04% to 319.08mn units and value traded rising by 9.94% to NGN9.18bn. Today, ACCESSCORP traded the highest in terms of volume, while MTNN traded the highest in terms of value.

Today, OKOMU, CUTIX and JAIZBANK topped the gainers chart, while PZ, INTBREW and STERLINGNG topped the loser’s chart.

Daily Market Update (Fixed Income)

Today, the NT-bills secondary market closed on a positive note with a slight decline in the average yield by 0.01% to 22.46%, driven by buying interest across all tenors. Similarly, the FGN bond market closed positive with a 0.01% dip in average yield to 18.58%. Overall, the Naira fixed income market closed positively with the average yield down by 0.01% to settle at 20.52%.

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