(Greenwich Merchant Bank): Although activities in the equities market improved, the performance
netted off resulting in a 0.00% change in the All Share index and Market Cap to settle at 49,416.18points and NGN26.92billion. Thus, the Year-to-Date Return maintained status quo at 15.68%.
Market activities closed green as volume and value increased by 38.29% and 5.06% settling at 100.06 million unit and NGN 1.26 million. GTCO remained the most traded stock in volume and value. Market sentiment was negative with its breadth at 0.63x indicating ten (10) gainers and
sixteen (16) losers.
Performance across sector was mixed with the Banking sector (0.28%) and Oil and Gas sector (0.22%),improving from the previous day. On the other hand, Insurance sector (-0.28%) and Consumer goods sector (-0.01%) recorded loses while the Insurance sector remained unchanged.
Fixed Income Market
Bullish sentiments dominated the Nigerian Treasury Bills market as average yield declined by 5bps to settle at 8.16% from 8.21%. 09-Mar-2023 was the most bought instrument increasing by 43bps.
Replicating yesterdays mood, average yield in the OMO market stood at 10.72%. Also, across the curve all benchmarked instruments listed closed flat.
However, the Bond market was agile with buying pressures in the short, mid and long end of the curve overshadowing the market therefore driving the average yield lower by 8bps to close at 13.61%. 22-Jan-2026 and instrument had the highest decline of 65bps to close at 12.35%.
System liquidity settled at NGN173.96million increasing by 13.72%, therefore leading to the Overnight rate decreasing further by 2.00% to close at 7.50%, while the Open Buy Back stood steady at 10.25%.
Elsewhere, Naira depreciated at the I&E Window from NGN415.50/USD to NGN452.67/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.