(Greenwich Merchant Bank): The NGX-ASI and market capitalization increased by 0.27% to settle at 52,235.88 points and 28.44 trillion respectively. The top gainers are CADBURY 9.82%, TRANSCORP 5.76%, BUAFOODS 5.88%, PZ 7.47% and HONYFLOUR 10.00%. Consequently, Year-To-Date, it has gained 1.92%.
The market sentiment was bearish as the volume traded and value traded declined by 209.85% and 120.04% to close at 2,334.25million units and N17,618.55million respectively. Also, ACCESSCORP emerged as the highest volume and value traded.
The market breadth closed positive at 1.44x due to the gains reported in Twenty-Six (26) stocks, while Eighteen (18) stocks lost.
On the sectorial performance, gains were recorded in the Consumer Goods (1.98%), Insurance (0.42%) and Oil & Gas (0.15%) sectors. But, the Banking (0.45%) and Industrial (0.05%) sectors declined.
Fixed Income Market
The average system liquidity improved to close at positive N1.31trillion from its opening balance of positive N525.78 billion.
At the interbank market, the Open Buy Back rate and Overnight rate declined by 13bps and 25bps to close at 11.00% and 11.25% respectively.
At the NTBills market, bullish sentiment prevailed as average yield dropped by 176bps to 6.68%.
However, activities at the bond market was uneventful as average yield stayed flat at 14.23%.
The Naira exchange rate, at the I&E window, appreciated by N0.13 to N462.00/USD from N462.13/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
