(Greenwich Merchant Bank): The NGX-ASI and market capitalisation increased by 0.23% to 54,315.3points and 29.58 trillion respectively. The primary gainers are AIRTELAFRI 3.33%, ACCESSCORP 2.27%, NGXGROUP 5.39% and OANDO 2.06%. Consequently, Year-To-Date, it increased by 5.98%.
However, market sentiment was weak as the volume and value traded slumped by 49.51% and 75.07% to close at 128.33million units and N3,883.65 million respectively. Also, FBNH had the highest volume traded, while BUACEMENT was the highest value traded.
Moreso, market breadth closed negative at 0.89x due to losses reported in Eighteen (18) stocks. But about Sixteen (16) stocks gained.
On the sectorial performance, the Banking 0.25% and the Consumer goods 0.01% sectors gained. However, the Insurance sector index (0.79%) lost.
Fixed Income Market
The average system liquidity improved to about N195.95billion from its opening position of N22.07billion. Hence, average interest rate closed lower as the Open Buy Back and
Overnight rate declined by 463bps and 438bps to 11.88% and 12.56% from 16.50% and 16.94% respectively.
Also, trading activities at the NTBills market was quiet. Hence, the average yield closed same at 4.30%.
At the Bonds market, trading activities was relatively calm as the average yield closed same at 13.48%.
The Naira exchange rate, at the I&E window, depreciated slightly by N0.27/USD to close at N461.60/USD from N461.33/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
