The NGX-ASI and market capitalization increased by 0.35% to settle at 51,355.74points and 27.96trillion respectively. The top gainers are FIDELITYBK 9.85%, FBNH 7.18%, FCMB 9.88% and IKEJAHOTEL 9.45%. Consequently, Year-To-Date, it has gained 0.20%.
The market sentiment was mixed as the volume traded declined by 52.79%, while value traded increased by 27.06% to close at 600.78million units and N5,054.34million respectively. Also, TRANSCORP and ACCESSCORP emerged as the highest volume and value traded respectively.
The market breadth closed positive at 1.73x due to the gains reported in Twenty-Six (26) equities, while Fifteen (15) stocks lost.
On the sectorial performance, losses were recorded on Consumer goods (0.12%), Oil & Gas (0.22%) and Industrial (0.09%) sectors. But, the Banking (2.89%) and Insurance (2.07%) sectors gained.
Fixed Income Market
The average system liquidity closed at negative N430.02billion from its opening balance of N322.90billion.
However, at the interbank market, the Open Buy Back rate and Overnight rate closed at 18.63% and 19.00% respectively.
At the end of market activities, the average NTBills rate closed at 8.15%. Also, trading activities at the Bond market closed at an average yield of 14.32%.
The Naira exchange rate, at the I&E window, depreciated by N0.75 to N463.670/USD from N462.50/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
