(Greenwich Merchant Bank): The domestic bourse commenced the week on a bullish mood as prices of major tickers such as INTBREW (+5.81%), CHIPLC (+3.39%), GTCO (3.35%) and BUAFOODS (+2.52%), increased the NSE-ASI and Market Capitalization by +0.20% to settle at 49,414.96 points and NGN26.91 trillion. Consequently, the Year-to-Date increased further to 15.68%.
Volume and value of activities decreased by 19.05% and 26.09% representing 72.36 million units and NGN1.23billion respectively. GTCO gained the top spot as the most traded stock with a total of 16.60 million units, while GTCO had the highest value with a total of NGN352.21 billion.
Market breadth was negative with a value of 1.44x indicating thirteen (13) gainers and nine (9) laggers.
Performance across sectors was mixed as gains in the Banking Sector (0.12%) and Consumer goods sector (+1.00%) was matched by losses in
0il & Gas sector (0.01%) and Insurance sector (0.05%). While the industrial sector (0.00%) closed flat.
Fixed Income Market
Yields in the NT-Bills and OMO space both declined by 2bps and 1bps to close the day at 8.21% and 10.72% from 8.24% and 10.73% respectively. The yield curves were largely flattish with just one activity each in the markets.
In the Bonds space, average yield declined by 1bps to an average of 13.69% from 13.68%. This outcome was due to buying pressures on the 23-FEB-2037 instrument, dropping by 11bps to close the day at 12.06% from 12.27%.
System liquidity increased to a figure of NGN153 billion. Interbank rates decreased to 9.50% and 10.25% each for Open Buy Back and Over Night rates from 9.63% and 10.50% respectively.
At the I&E Window, the Naira stayed flat at NGN 451.50/USD the same figure as the previous trading session.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
