(Greenwich Merchant Bank): The NGX-ASI and market capitalization lost 0.03% to 56,024.52 points and N30.51 trillion respectively at the end of today’s trading session.
The top losers were UBN 8.86%, FLOURMILL 4.20%, NGXGROUP 3.11% and PRESTIGE 2.44%.
Year-To-Date, the market index declined to 9.31%.
The total market volume and value traded today increased by 23.30% and 12.24% to 397 million units and N6.54 billion. Also, NPFMCRBK and AIRTELAFRI emerged as the most traded stock by volume and value.
The market breadth closed positively at 2.42x on the back of Twenty-Nine (29) stocks that appreciated while Twelve (12) stocks declined.
Fixed Income Market
The average system liquidity increased by 78% to 660billion from its opening balance of N371 billion.
At the interbank market, both the Open Buy Back and Over night rate closed flat at 11.63% and 12.00% respectively.
At the NTBills market, trading activity closed bearish as average yield increased marginally by 1bps to close at 14.11%.
However, at the Bond market, activity was flat as average yield remained at 14.11%.
The Naira exchange rate, at the I&E window closed flat at 464.67/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
