At the end of trading activities today, the NGX-ASI and Market Capitalisation declined by 0.16% to 52,615.51 points and N28.65billion respectively. The decline was attributed to the decrease in prices of DANGCEM (1.85%), OANDO (3.51%), DANGSUGAR (2.00%) and INTBREW (2.00%). Hence, Year-To-Date, it closed at 2.66%.
However, market activity was positive as volume and value traded rose by 4.91% and 43.16% to 200.86million units and N4.054billion respectively.
Also, STERLNBANK and GEREGU were the highest traded by volume and value with 200.86million unit and N4,054.77million respectively.
Notably, market sentiment was bearish at 0.76x as sixteen (16) gains and twenty-one (21) losses were recorded.
Sectoral performance was majorly bullish as Banking Sector (0.05%), Insurance Sector (1.36%) and Oil & Gas (0.07%) recorded gains. However, the Consumer Goods Sector (0.20%) and Industrial Sector (0.99%) closed negative.
Fixed Income Market
The average NTB yield increased marginally by 8bps to 3.46% from 3.38%. Today, the system liquidity rose by 3.59% to settle at N384.57billion from N371.23billion.
But, Open Buy-Back (OBB) and Overnight (O/N) rate closed same as yesterday at 9.50% and 9.83% respectively.
At the Bond market, activities were recorded at the short end of the curve as average yield rose marginally by 0.4% to 13.47% from 13.43%.
The OMO market closed flat as no activity was recorded across the curve, hence average yield steadied at 2.71%.
At the FX market, Naira appreciated at the Investors and Exporters Window (I&EW) by N0.25/$1 to close at N461.25/$1 from N461.50/$1.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.