(Greenwich Merchant Bank): The local bourse market closed red as the NGX-ASI and market capitalization declined 0.18% to settle at 67,084.95 points and N36.85 trillion respectively.
Hence, Year-To-Date, it moderated to 30.89%.
The top losers were ETRANZACT 7.14%, INTBREW 9.78%, THOMASWY 9.84%, and FTNCOCOA 8.24%.
Trading activities was mixed as the total volume traded retreated by 18.83% while value traded advanced 15.88% to close the day at 267 million units and 5.11 billion respectively.
Also, FIDELITYBK and NESTLE was the most traded stock by volume and value respectively.
In addition, market breadth closed negative at 0.39x as a result of the Twenty-Eight (28) decliners and Eleven (11) gainers.
Fixed Income Market
The average system liquidity rose by 107% to N528 billion from its opening balance of N254 billion.
At the interbank market, both the Open Buy Back and Overnight rate rose 833bps and 805bps to close at 11.83% and 12.25% respectively.
At the NTBills market average yields increased by 10bps to close bearish at 6.54%.
Similarly, at the Bond market average yields rose marginally by 18bp to settle at 14.83%.
The Naira exchange rate, at the I&E window appreciated by NGN46.67/USD to close at NGN801.10/USD from NGN847.77/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.