(Greenwich Merchant Bank): The equities market increased by 0.07% to 55,808.25 points and N30.39 trillion respectively.
The top gainers were CONOIL 9.96%, BERGER 9.78%, MRS 9.93% and IKEJAHOTEL 9.72%. Hence, Year-To-Date, the market is up 8.89%.
Today, market sentiment was negative as the total volume and value fell by 41.01% and 69.85% to 390 million units and N5.73billion. Also, ACCESSCORP and ZENITHBANK emerged as the most traded stock by volume and value.
The market breadth closed positively at 1.67x on the back of gains recorded in Forty-One (41) stocks, while Eleven (11) stocks declined.
On the sectoral index, performance was largely positive as the Oil & Gas (+2.27%), Insurance (+1.11%) and Banking (+0.95%) sectors closed in
the green. Elsewhere, the Consumer Goods (-0.26%) sector closed negatively while the Industrial sector closed flat.
Fixed Income Market
The average system liquidity increased by 42% to 163billion from its opening balance of N114 billion.
At the interbank market, the Open Buy Back rate declined by 25bps while the Overnight rate remained at 12.25%.
At the NTBills market, average yield closed flat at 5.83%. Similarly, at the Bond market, trading activity was bullish as average yield decreased unchanged at 14.30%.
The Naira exchange rate, at the I&E window closed flat at 464.67/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
