(Greenwich Merchant Bank): The local Bourse closed bullish as the NGX-ASI and market capitalizationincreased by 0.12% to settle at 71,112.99points and N39.10trillion respectively.
Hence, Year-To-Date, it increased to 38.75%.
The top gainers were SEPLAT 7.69%, NNFM 9.89%, UPDC 9.98%, and DEAPCAP 8.70%.
Trading activities was mixed as the total volume traded moderated by 8.73% while value traded expanded 37.78% to close at 441.58 million units and N6.03 billion respectively. Also, JAIZBANK and GTCO were the most traded stock by volume and value respectively.
In addition, market breadth closed positive at 1.60x as a result of the Thirty– two (32)gainers and Twenty (20) decliners.
Fixed Income Market
The average system liquidity increased significantly to N79 billion from its opening balance of N31 billion.
At the interbank market, both the Open Buy Back and Overnight rate expanded by 138bps and 72bps to close at 20.83% and 22.20% respectively.
The NTBills market closed bullish as average yields declined by 1.01% to settle at 12.32%.
Although, the Bond market closed quiet as the average yields remained at 15.95%.
The Naira exchange rate, at the NAFEM window appreciated by NGN49.39/ USD to close at NGN791.75/USD from NGN841.14/USD
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.