(Greenwich Merchant Bank): The NGX-ASI and market capitalization decreased by 1.48% to settle at 51,127.38points and 27.85trillion respectively.
The top losers are MTNN 6.67%, FBNH 1.44%, INTENEGINS 6.98% and AFRIPRUD 5.45%. Consequently, Year-To-Date, it has declined to 0.24%.
Market sentiment was bearish as the volume and value traded declined by 58.38% and 33.64% to close at 225.59million units and N1,567.99million respectively. Also, TRANSCORP and ZENITHBANK emerged as the highest volume and value traded respectively.
However, market breadth closed negative at 0.88x due to the gains reported in Fifteen (15) equities, while Seventeen (17) stocks lost.
Sectorial performance was marginally bullish as the Insurance 0.13%, and Consumer sector 0.17% gained. While the Banking (5.53%) sector lost.
The Industrial 0.00% sector and Oil & Gas sector 0.00% closed flat.
Fixed Income Market
The average system liquidity closed negative N262.27billion from its opening balance of negative N345.80billion.
However, at the interbank market, the Open Buy Back rate and Overnight rate maintained status-quo at 18.63% and 19.00% respectively.
At the close of market activities, the market closed marginally bullish as average yield decreased by 1bp to close at 8.16% in the NTBills market.
Also, at the Bonds market, trading activities closed with average yield at 14.33%.
The Naira exchange rate, at the I&E window, appreciated by N1.75 to N462.25/USD from N464.00/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
