(Greenwich Merchant Bank): The NGX-ASI and market capitalization gained 0.48% to 52,612.32 points and N28.65 trillion respectively.
The top gainers were TRANSCORP 9.85%, UNILEVER 9.70%, PZ 8.82% and FTNCOCOA 8.33%. Year-To-Date, the NGX-ASI gained 2.66%.
The market sentiment was positive as the total volume and value traded increased by 11.18% and 28.17% to close at 351 million units and N5.17 billion respectively.
Also, UBA and ZENITHBANK were the most traded stock by volume and value respectively.
The market breadth closed positive at 2.36x as a result of gains recorded in Thirty-Three (33) stocks, while Fourteen (14) stocks depreciated.
On the sectoral index, performance was largely positive as the Banking (+1.55%), Consumer Goods (+0.35%), Oil & Gas (+0.05%) and Industrial (+0.02%) sectors closed positively, while the Insurance (-0.01%) sector recorded a loss.
Fixed Income Market
The average system liquidity increased to N382.73 billion from its opening balance of N18.10 billion.
At the interbank market, both the Open Buy Back and Overnight rate declined by 188bps and 213bps to close at 11.00% and 11.50% respectively.
At the NTBills market, activities was bearish as average yield increased to
6.99%.
However, at the Bond market, activities was flat as average yield closed at 14.33%.
The Naira exchange rate, at the I&E window, depreciated by N0.92/USD to close at N464.42 from N463.50/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
