(Greenwich Merchant Bank): The NGX-ASI and market capitalization increased by 0.35% to 52,360.26 points and N28.51 trillion respectively at the end of yesterday’s trading session.
The top gainers were INTBREW 7.61%, ACADEMY 9.80%, CILEASING 9.69% and NPFMCRFBK 13.61%. Hence, Year-To-Date, the market has gained 2.16%.
The market sentiment was negative as the total volume and value traded dipped by 44.33% and 37.78% to close at 315.68 million units and N5.14 billion respectively.
Also, ZENITHBANK emerged as the most traded
stock by volume and value.
The market breadth closed positive at 2.00x as a result of gains recorded in Thirty (30) stocks, while Fifteen (15) stocks depreciated.
On the sectoral index, the Consumer goods (0.39%), Banking (0.89%), Industrial goods (0.01%) and Insurance (1.35%) sectors gained. While the Oil & Gas (-0.64%) loss.
Fixed Income Market
The average system liquidity increased by 24% to N18.10 billion from its opening balance of N14.54 billion.
At the interbank market, both the Open Buy Back and Overnight rate declined by 200bps each to close at 12.88% and 13.63% respectively.
At the NTBills market, activities were flat as average yield closed at 6.96%.
However, at the Bond market, activities were bullish as average yields decreased marginally by 2bps to close at 14.32%.
The Naira exchange rate, at the I&E window, depreciated by N0.50/USD to close at N463.50 from N463.00/USD
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
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