(Greenwich Merchant Bank): The stock market index closed positive as the NGX-ASI and market capitalization increased by 0.06% to 59,361.55 points and N32.322trillion respectively at the end of today’s trading session.
The top gainers were NEM 10.00%, CORNERST 9.90%, SKYAVN 9.74% and AFRIPRUD 8.98%. Furthermore, Year-To-Date, the index has gained 15.83%.
Trading activity was mixed as total volume declined by 4.22% while value traded rose by 8.38% to close at 615.19 million units and N6.62 billion, respectively.
Also, WAPIC and GTCO were the most traded stock by volume and value respectively.
The market breadth closed negative at 0.91x as Thirty-Two (32) stocks declined, while Twenty-Nine (29) stocks that appreciated.
Fixed Income Market
The average system liquidity decreased by 24% to N688 billion from its opening balance of N900 billion.
At the interbank market, both the Open Buy Back and Over night rates declined by 267bps and 290bps to close at 8.83% and 9.00% respectively.
At the NTBills market, trading activity was flat as average yield remained unchanged at 6.46%.
However, at the Bond market, activity closed bullish as yields declined by 7bps to close at 14.05%.
FX Market:
The Naira exchange rate, at the I&E window, depreciated by N1.96/$ to close at N765.13/USD from N753.17/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
