(Greenwich Merchant Bank): The local equities market closed bearish as the NGX-ASI and market capitalization retreated 0.44% to settle at 71,041.05points and N38.86trillion respectively.
Hence, Year-To-Date, it decreased to 38.61%.
The top gainers were LIVESTOCK 9.19%, OMATEK 10.00%, NEIMETH 9.87%, and DEAPCAP 9.09%.
Trading activities was negative as the total volume and value traded eased by 28.40% and 5.48% to close at 534.62 million units and N5.62 billion respectively. Also, ACCESSCORP were the most traded stock by volume and value.
In addition, market breadth closed positive at 0.40x as a result of the Forty–Two (42) losers and Seventeen (17) gainers.
Fixed Income Market
The average system liquidity increased significantly to N173 billion from its opening balance of N106 billion.
At the interbank market, both the Open Buy Back and Overnight rate declined by 225bps and 208bps to settle at 16.08% and 17.17% respectively.
The NTBills market closed bullish as average yields declined by 49bps to settle at 9.77%.
Similarly, the Bond market closed green as the average yields declined.23bps to settle at 15.96%.
FX Market
The Naira exchange rate, at the NAFEM window depreciated by NGN67.28/ USD to close at NGN881.88/USD from NGN841.60/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
