The Nigerian equities market witnessed a 0.19% rise as the NGX-ASI and Market Capitalization closed at 47,350.48 points and NGN25,790.53 billion respectively. NGXGROUP (5.56%), FIDELITYBK (2.94%), ZENITHBANK (1.30%) and STERLNBANK (3.33%) contributed to the overall market gain. Consequently, Year-to-Date stands at 10.85%.
Market activities recorded mixed sentiment as volume traded increased by 2.57% to close as 129.07 million units while market turnover decreased by 30.05% to settle at NGN1,565.79 million respectively. GTCO had the highest volume and value traded. Market breadth was bearish at 0.92x, owing to twelve (12) gainers and thirteen (13) losers.
Performance across all sectors was mixed as the Consumer Goods sector (0.13%) and Banking sector (1.04%) closed bullish. While the Oil & Gas sector (0.41%) and Insurance Sector (1.47%) closed bearish. The Industrial sector (0.00%) closed flat.
Fixed Income Market
Quiet momentum was recorded in the bonds market as activities were recorded majorly at the long end of the curve. Consequently, average yields increased by 1bps to settle at 14.00% from 13.99%. The 20-NOV29 recorded the highest movement with an increase of 6bps.
In the NT-Bills market activities experienced a bit of buying pressure. Thus, average yield increased by 18bps to settle at 7.31% from 7.13% recorded the previous day. In the OMO market average yields declined by 1bps to settle at 10.95%.
The Open Buy Back rate remain unchanged at 16.25% and the Overnight rate increased by 50 basis point from 16.75% to 17.25%.
At the importers and Exporters Window, Naira fell to close at NGN439.17/USD
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
