(Greenwich Merchant Bank): The NGX-ASI and Market capitalization declined by 0.13% and 0.12% to 54,299.76points and N2.95trillion respectively.
These losses are attributable to fall experienced in GEREGU (5.00%), FCMB (7.82%), STERLNBANK 5.00% and ARDOVA 4.25%. As a result, Year-To-Date, is has gained by 5.95%.
Also, market activity was bullish as volume and value traded increased by 4.38% and 58.84%, to close at 200.04 million units and NGN7.62 billion.
Moreso, FCMB was the highest traded by volume and GEREGU was the highest value traded.
On the other hand, market sentiment was negative with a breadth of 0.77x as a result of gains from Twenty (20) stocks and Twenty-six (26) decliners.
On a sectoral performance, the losers are Consumer Goods (0.02%), Insurance (0.80%), Banking (0.53%) and Industrial Sector (0.31%). While, the Oil & Gas Sector 0.54% gained.
Fixed Income Market
The system liquidity increased to N433.80billion from N280.140billion. However, the Open Buy Back and Over Night rates remained at 10.50% and 10.81%.
Trading at the NTBills market was calm, thus average yield maintaining its prior day’s close figure of 1.79%.
At the Bond market, trading activities was largely bullish as average yield by 19bps to settle at 13.49%.
At the I & E window, the Naira exchange rate appreciated by 67bps to close at N461.50/USD from N462.17/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
