(Greenwich Merchant Bank): The NGX-ASI and market capitalization declined by 1.96% to settle at 51,952.99points and 28.30trillion respectively. The top losers are AIRTELAFRI 10.00%, UACN 5.88%, ROYALEX 9.09% and AIICO 5.00%. Consequently, Year-To-Date, it has gained 1.37%.
The market sentiment was bullish as the volume and value traded increased by 545.60% and 148.31% to close at 1,723.44million units and N4,789.82million respectively. Also, TRANSCORP emerged as the highest volume and value traded.
However, market breadth closed negative at 0.14x due to the gains reported in Four (4) equities, while Twenty-Eight (28) stocks lost.
Although, sectorial performance was negative as the Industrial 0.57%, Consumer goods 0.16%, Insurance (1.83%), Oil & Gas sector 0.17% and the Banking sector (0.34%) lost.
Fixed Income Market
The average system liquidity improved to negative N124.66billion from its opening balance of negative N160.66billion.
However, at the interbank market, the Open Buy Back and Overnight rate increased by 13bps each to settle at 18.63% and 19.00% respectively.
At the close of market activities, average yield closed marginally bullish by 1bp to close at 8.08% at the NTBills market.
Similarly, at the Bonds market, trading activities closed with average yield at 14.26%.
The Naira exchange rate, at the I&E window, appreciated by N0.37 to N462.88/USD from N463.25/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
