Daily Market Update | 9-08-2023

The Nigerian Equities Market closed in the negative territory today as its benchmark index fell by 1.75% to 64,176.39 points. Consequently, its Year-to-Date return printed at 25.20% (Yesterday: 27.43%). The weak market performance was primarily driven by losses in Dangote Cement Plc, MTN Nigeria Plc and FBN Holdings, offsetting the gains in GEREGU and Ecobank.

Today, MTNN traded the highest in terms of Volume while FIDELITYBK traded highest in terms of Value. Total Volume and Value traded for today settled at NGN238.04mn and NGN2.61bn respectively.

The top gainers for today were GUINEAINS, ABBEYBDS and MBENEFIT while NASCON, MULTIVERSE and JOHNHOLT topped the losers’ chart.

Daily Market Update (Fixed Income)

Today, the Nigerian Treasury bills secondary market closed positive as average yield declined by 0.02% to settle at 7.25%. Similarly, the FGN bond market closed positive as average yield declined by 0.02% to close at 13.45%.

 

Latest News

Subscribe

Get a prompt weekly email from our professional team on market insights, investing strategy and valuable tips for your finances!