(Greenwich Merchant Bank): The NGX-ASI and market capitalization declined by 0.10% to settle at 51,893.94points and 28.26trillion respectively.
The top loosers are CADBURY 9.73%, STANBIC 3.09%, DANGSUGAR 1.45%, FBNH 4.13% and FIDSON 3.85%. Consequently, Year-To-Date, it has gained 1.25%.
Although, market sentiment was bullish as the volume and value traded increased by 78.92% and 16.77% to close at 541.98million units and N2,362.75million respectively. Also, UBA emerged as the highest volume and value traded.
However, market breadth closed positive at 1.42x due to the gains reported in Seventeen (17) equities, while Twelve (12) stocks lost.
Sectorial performance was bullish as the Insurance 0.05%, and Banking sector 0.10% gained. While the Consumer goods (0.03%) sector lost. The Industrial 0.00% sector and Oil & Gas sector 0.00% closed flat.
Fixed Income Market
The average system liquidity declined to negative N183.18billion from its opening balance of negative N51.66billion (Not Updated by CBN, as at the time this report was produced).
However, at the interbank market, the Open Buy Back rate decreased by 4bps to 18.63%. While the Overnight rate remained unchanged at 19.00%.
At the close of market activities, the market closed bearish as average yield increased by 9bps to close at 8.17% in the NTBills market.
Also, at the Bonds market, trading activities closed flat with average yield at 14.33%.
The Naira exchange rate, at the I&E window, depreciated by N1.17 to N464.00/USD from N462.83/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.