(Greenwich Merchant Bank): The equities market closed on a negative note as the NGX-ASI and market capitalization lost 1.32% to 59,195.21 points and N32.23 trillion respectively at the end of today’s trading session.
The top losers were ACCESSCORP 9.249% and RTBRISCOE 8.82%, SUNUASSUR 10.00%, CORNERST 9.73%.
UBA, GTCO and ZENITHBANK lost 7.11%, 5.49%, and 5.18% respectively.
Furthermore, Year-To-Date return declined to 15.50%.
Trading activity fell today as total volume and value traded decreased by 9.76% and 27.14% to 1.17 billion units and N15.36 billion, respectively.
Also, UBA and ZENITHBANK enmerged as both the most traded stock by volume and value, respectively.
The market breadth closed flat at 1.00x as a result of Thirty-Eight (38) stocks that appreciated while Thirty-Eight (38) stocks declined.
Fixed Income Market
The average system liquidity declined by 79% to N156 billion from its opening balance of N168 billion.
At the interbank market, both the Open Buy Back and Over night rates declined by 10bps apiece to close at 11.60% and 12.109% respectively.
At the NTBills market, average yield closed flat at 5.93%.
Similarly, at the Bond market, average yield remained at 14.12%.
The Naira exchange rate, at the 18E window depreciated by 5.73% to close at 702.19/USD from 664.04/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
