(Greenwich Merchant Bank): The NGX-ASI and market capitalization recorded increased by 0.22% to settle at 52,579.52 points and N28.63 trillion, respectively, at the end of today’s trading session.
The top gainers were ARDOVA 3.91%, NB 3.86%,
INTBREW 6.82% and REDSTAREX 9.96%. Similarly, Year-To-Date, the market closed at 2.59%.
The market sentiment was positive as the volume and value traded increased by 5.97% and 26.54% to close at 511.38 million units and N7.14 billion respectively.
Furthermore, ACCESSCORP emerged as the highest traded stock by volume and value.
The market breadth closed positive at 1.65x as a result of the gains reported in Twenty-Eight (28) stocks, while Seventeen (17) stocks lost.
On the sectoral performance, gains were recorded across board as the Insurance (+0.80%), Banking (+0.62%), Consumer Goods (+0.56%), Oil & Gas (+0.35%) and Industrial (+0.03%) sectors closed northward.
Fixed Income Market
The average system liquidity increased by 55.53% to close at N534.78 billion from its opening balance of N343.83 billion.
At the interbank market, both the Open Buy Back and Overnight rate declined by 38bps each to closet at 10.63% and 11.00% respectively.
At the NTBills market, yields closed at 3.67%. Activities at the bond market was bullish as average yields declined by 92bps to close at 13.38%.
The Naira exchange rate, at the I&E window, appreciated by N0.98 to N461.25/USD from N462.25/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
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