(Greenwich Merchant Bank): The NGX-ASI and market capitalization declined by 0.17% to settle at 52,207.77 points and N28.43 trillion respectively. The top losers were NB 6.14%, DANGSUGAR 0.77%, MTNN 0.65% and STANBIC 0.13%. However, Year-To-Date, the market increased by 1.87%.
The market sentiment was mixed as the volume traded increased by 21.77% while value traded declined by 2.37% to close at 670.08 million units and N5,028.47 million respectively. Also, TRANSCORP and ACCESSCORP emerged as the highest traded stocks by volume and value respectively.
The market breadth closed positive at 1.35x due to the gains reported in Twenty-Two (22) stocks, while Seventeen (17) stocks recorded losses.
On the sectoral performance, gains were recorded in the Oil & Gas (+0.78%), Insurance (+0.51%), Banking (+0.17%) and Industrial (+0.07%) sectors. But, the Consumer Goods (-0.49%) sector lost.
Fixed Income Market
The average system liquidity increased by 9.51% to close at N320.87 billion from its opening balance of N293.01 billion.
At the interbank market, the Open Buy Back rate closed flat at 11.00%. While the Overnight rate increased by 13bps to close at 11.50%.
At the NTBills market, yields closed flat at 6.67%. Similarly, activities at the bond market was muted as average yields closed at 14.20%.
The Naira exchange rate, at the I&E window, depreciated by N0.67 to N463.00/USD from N462.33/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.