Daily Market Update (Equities)
Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.08% to settle at 96,873.74points. Consequently, the market’s year-to-date (YtD) returns increased to 29.56% compared to 28.45% Yesterday.
Today, the total volume and value traded decreased by 5.04% to 473.00mn units and 5.67% to 10.42bn. OANDO made its top position in value trades, while ACCESSCORP made it top position in Volume traded for today.
Top gainers today were CILEASING, IMG and ETERNA. On the other hand, RTBRISCOE, ABBEYBDS and NSLTECH topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills market ended positive, with the average yield dipping by 0.19% to settle at 20.91%. Similarly, the FGN bond market closed positive as the average yield decreased by 0.01% to close at 18.77%. This is following buying-interest in the 17-Apr-29 Instrument. Overall, the Naira fixed income market made a positive close as the average yield declined by 0.10% to settle at 19.84%.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024