(Greenwich Merchant Bank); The NGX-ASI and market capitalisation increased by 0.61% to 54,646.38 points and 29.76 Trillion respectively. The gainers are GEREGU 3.49%, BUAFOODS 8.87%, NGXGROUP 4.05% and AFRIPRUD 4.07%.
Consequently, Year-To-Date, it has gained by 6.62%.
Also, market sentiment was mixed as the volume traded improved by 10.68% and value traded dipped by 52.45% to close at 142.04million units
and N1,846.80 million respectively. Mores, UBA had the highest volume traded, while ZENITHBANK was the highest value traded.
The market breadth closed negative at 2.89x due to the declines reported in Twenty-Six (26) stocks, but, Nine (9) stocks lost.
On the sectoral performance, the Banking 0.39%, Consumer goods 3.79%, Industrial goods 0.06%, Insurance (0.41%) and the Oil & Gas (0.39%) sector gained.
Fixed Income Market
The average system liquidity improved by 31% to N256.21 billion from its opening position of N195.95billion.
However, average interest rate closed lower as the Open Buy Back and Overnight rate declined by 138bps and 175bps to 10.50% and 10.81% from 11.88% and 12.56% respectively.
Trading activities at the NTBills market was quiet, hence, average yield closed at 4.29%.
At the Bonds market, trading activities was bullish, hence, average yield declined by 2bps t0 13.46%.
The Naira exchange rate, at the I&E window, gained slightly by N0.27/ USD to close at N461.33/USD from N461.60/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
