(Greenwich Merchant Bank): The NGX-ASI and market capitalization declined by 0.09% to settle at 54,885.04points and 29.89trillion respectively.
The top losers are STANBIC 8.52%, NB 3.14%, FCMB 3.56% and MULTIVERSE 5.80%. Consequently, Year-To-Date, it has gained 7.09%.
The market sentiment was bullish as both the volume and value traded rose by 646.50% and 83.83% to close at 1,171.81million units and N2,876.70million respectively. Also, NEIMETH recorded the highest volume and value traded.
However, market breadth closed positive at 1.36x due to the gains reported in Nineteen (19) equities, while Fourteen (14) stocks lost.
Sectorial performance was mixed, as the Consumer goods 0.36%, and Insurance 0.47% sectors lost. The Industrial 0.06%, and Banking 1.30% sector gained. While the Oil & Gas sectors 0.00% sector closed flat.
Fixed Income Market
The average system liquidity decreased by 10% to N59.79 billion from its opening position of N235.84billion.
However, at the interbank rate both the Open Buy Back rate and Overnight rate increased by 100bps and 110bps to close at 12.25% and 12.70% respectively.
At the close of market activities, average NTBills yield closed at 5.63%.
At the Bonds market, trading activities was muted as average yield closed lower at 13.96%.
The Naira exchange rate, at the I&E window, gained by N0.33 to N461.50/USD from N461.83/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
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