Daily Market Update (Equities)
Today, the Nigerian equities market halted it positive momentum with the NGX All-Share Index (ASI) dipping by 0.35% to settle at 96,537.48points. Consequently, the market’s year-to-date (YtD) returns declined to 29.11% compared to 29.56% Yesterday.
Today, the total volume and value traded decreased by 17.71% to 389.23mn units and 21.43% to 8.18bn. OANDO made its top position in both value and volume traded.
Top gainers today were IMG, DEAPCAP and CAVERTON. On the other hand, RTBRISCOE, NSLTECH and OMATEK topped the losers’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills market experienced a 0.04% drop, bringing the average yield down to 20.87%. In the FGN bond market, buying interest in the June-2038 instrument contributed to a positive close, with the average yield decreasing by 0.02% to 18.75%. Overall, the Naira fixed income market ended on a positive note, with the average yield declining by 0.03% to 19.81%.