(Greenwich Merchant Bank): The NGX-ASI and market capitalization increased by 0.49% to settle at 51,606.49 points and 28.09 trillion respectively. The top gainers are FCMB 7.09%, HONYFLOUR 9.91%, BERGER 9.87% and UNILEVER 6.72%. Consequently, Year-To-Date, it has gained 0.69%.
The market sentiment was bullish as the volume and value traded increased by 247.90% and 75.08% to close at 2,090.12million units and N8,849.04million respectively. Also, ACCESSCORP was the highest volume and value traded.
The market breadth closed positive at 3.10x due to the gains reported in Thirty-one (31) equities, while Ten (10) stocks lost.
On the sectorial performance, gains were recorded on Banking (1.30%), Industrial (0.11%) and Insurance (0.07%) sectors. But, the Consumer Goods (0.37%) and Oil & Gas (0.07%) sectors declined.
Fixed Income Market
The average system liquidity closed at negative N407.02 from its opening balance of negative N430.028billion.
However, at the interbank market, the Open Buy Back rate and Overnight rate declined by 401bps and 375bps to close at 14.63% and 15.25% respectively.
At the NTBills segment, bearish sentiment was recorded as average yield rose by 28 basis points to close at 8.44%.
It was a lull day at the bond market as yields remained unchanged on most maturities with average yield settling at 14.32%.
The Naira exchange rate, at the I&E window, appreciated by N0.23 to N463.44/USD from N463.67/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
