(Greenwich Merchant Bank): The local bourse market closed the week green as the NGX-ASI and market capitalization traded higher by 0.08% to settle at 67,136.58 points and N36.88 trillion respectively. Hence, Year-To-Date, it moderated to 31.00%.
The top gainers were CWG 9.35%, UACN 7.38%, ETRANZACT 10.00%, and BERGER 10.00%.
Trading activities was mixed as the total volume traded declined by 19.99% while value traded increased by 1.32% to close the day at 214 million units and 5.18 billion respectively.
Also, TRANSCORP and GEREGUwas the most traded stock by volume and value respectively.
In addition, market breadth closed positive at 1.36x as a result of the Thirty (30) advancers and Twenty-Two (22) decliners.
Fixed Income Market
The average system liquidity rose by 61% to N849 billion from its opening balance of N528 billion.
At the interbank market, both the Open Buy Back and Overnight rate rose 257bps and 250bps to close at 141.40% and 14.75% respectively.
At the NTBills market average yields increased by 19bps to close bearish at 6.73%.
Similarly, at the Bond market average yields increased by 22bp to settle at 15.05%.
The Naira exchange rate, at the I&E window appreciated by NGN47.54/USD to close at NGN789.94/USD from NGN837.49/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.