(Greenwich Merchant Bank): The NGX-ASI and market capitalization declined by 0.42% to settle at 55,490.20points and 30.22trillion respectively. The top losers are FLOURMILL 5.92%, ZENITHBANK 4.60%, UCAP 9.30% and GEREGU 6.46%. Consequently, Year-To-Date, it has gained 8.27%.
The market sentiment was mixed as the volume traded declined by 9.07% while value traded increased by 21.02% to close at 181.19million units and N3,405.30million respectively. Also, GTCO recorded the highest volume and value traded.
However, market breadth closed negative at 0.58x due to the gains reported in Eleven (11) equities, while Nineteen (19) stocks lost.
The sectorial performance was negative, as the Consumer goods 0.29%, Industrial 0.01% and Banking 1.95% all lost. Only the Insurance 0.44% sector gained. While the Oil & Gas sectors 0.00% sectors closed flat.
Fixed Income Market
The average system liquidity increased by 124% to N588.38 billion from its opening position of N262.90billion.
However, both the Open Buy Back rate and Overnight rate remained flat at 10.63% and 11.01% respectively.
At the close of market activities, trading at the NTBills market was muted as the average yield closed at 4.17%.
At the Bonds market, trading activities was bearish as the yields closed higher by 60bps to close at an average yield of 13.88%.
The Naira exchange rate, at the I&E window, appreciated by N0.33 to N461.09/USD from N461.42/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.