(Greenwich Merchant Bank): The local bourse posted a gain of 0.05% as buying pressure across JBERGER (9.91%), ARDOVA (9.20%), FBNH (4.05%), and STANBIC (3.90%) drove the market bullish performance which pushed the NSE-ASI and Market Capitalization by 0.05%. As a result, the Year-to-Date rose to 15.88%.
Although, market activities intensified as volume declined by 18.44% to rest at 128.99 million unit, as well, value decreased by 42.95%, to settle at NGN 3,081.57 million. FBNH traded the highest volume while AIRTELAFRI was the most traded value for the day with 29.10 million units and NGN925.10 million respectively.
Market sentiment was positive as market breadth stood at 1.42x representing fifteen (17) advancers and twenty (12) laggards.
Across sectors, market performance was broadly down as Banking sector (0.11%), Insurance sector (0.31%), and Industrial sector (0.21%). The
Consumer goods sector (0.03%) singly closed positive.
Fixed Income Market
The NT-bills market traded bullish with buy interests seen majorly in the short end of the curve. Three (3) out of Nine (9) instruments listed, traded in the market. Thus Average yield declined by 34bps to 5.35%.
System liquidity bounced back, improving to NGN747.9bn from – NGN163.77bn. Interbank rates dropped further to 9.50% and 10.13% from 10.25% and 10.63% each for the Open Buy-back and Overnight rate.
In the OMO market bullish sentiments dominated, average yields fell to 4.63% down from a previous figure of 6.96%.
Activities in the Bond market continued bullish with mild buy interest with only three (3) out of the thirteen (13) listed instruments that traded. There was buy interest in the 22-Jan-2026, 27-Mar-2035, and 18-APR-2037 instrument only. Consequently, the average yield logged at 13.47 down by 9bps.
At the Investors’ and Exporters’ Window (I&EW), the Naira gained NGN0.08/USD to close at NGN456.25/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
