(Greenwich Merchant Bank): The Local Bourse closed bullish as the NGX-ASI and market capitalization increased by 0.29% to 63,930.72 points and N34.81 trillion respectively.
Hence, Year-To-Date, it increased to 24.74%.
The top losers were JOHNHOLT 8.79%, REDSTAREX 9.06%, UPL 10.00% and IKEJAHOTEL 9.38%.
Trading activity was mixed with total volume traded declining by 71.30% while total value traded increased by 79.21% to settle at 135 million units and N18.0billion respectively. Also, UBA was the most traded stock by volume and value.
Also, market breadth closed positive at 2.16x as a result of the Forty–One (41) gainers and Nineteen (19) Losers.
Fixed Income Market
The average system liquidity declined by 100% to N235 billion from its opening balance of N117 billion.
At the interbank market, both Open Buy Back and Overnight rate increased by 976bps and 962bps to close at 21.00% and 21.92% respectively.
At the NTBills market, trading activities closed flat as average yield remained at 6.11%.
However, at the Bond market, trading activities closed bullish as average yield declined by 2bps to close at 12.94%.
FX Market:
The Naira exchange rate, at the I&E window appreciated by NGN84.09/ USD to close at NGN768.16/USD from NGN852.25/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
