(Greenwich Merchant Bank): The stock market closed on a positive note today as the NGX-ASI and market capitalization increased by 0.46% to 59,477.70 points and N32.38 trillion respectively at the end of today’s trading session.
The top gainers were FIDSON 10.00%, TRANSCOHOT 10.00%, NASCON 10.00% and CORNERST 9.91%.
Furthermore, Year-To-Date return rose to 16.05%.
Trading activity was negative today as total volume and value traded declined by 46.74% and 17.63% to 334.39 million units and N7.53 billion, respectively. Also, UBA and GTCO emerged as both the most traded stock by volume and value, respectively.
The market breadth closed significantly positive at 1.96x as a result of Forty-Five (45) stocks that appreciated while Twenty-Three (23) stocks declined.
Fixed Income Market
The average system liquidity decreased by 6.31% to N575 billion from its opening balance of N613 billion.
At the interbank market, both the Open Buy Back and Over night rates declined by 90bps and 60bps to close at 2.00% and 2.80% respectively.
At the NTBills market, trading activity was flat as average yield remained unchanged at 6.21%.
Similarly, at the Bond market, activity closed bullish declining by 6bps to close at an average yield of 13.82%.
FX Market:
The Naira exchange rate, at the I&E window appreciated by NGN2.00/USD to close at NGN768.17/USD from 770.17/USD
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
