(Greenwich Merchant Bank): The NGXASI and market capitalization declined by 1.04% to settle at 54,915.61 points and 29.91trillion respectively. The top losers are MTNN 4.95%, ACCESSCORP 4.44%, UCAP 5.13% and TRANSCORP 4.44%.
Consequently, Year-To-Date, it has gained 7.15%.
The market sentiment was bearish as both the volume and value traded declined by 24.23% and 55.66% to close at 137.29m illion units and N1,509.75m illion respectively. Also, TRANSCORP and ZENIHBANK recorded the highest volume and value traded respectively.
However, market breadth closed negative at 0.33x due to the gains reported in Eight (8) equties, while Twenty-Four (24) stocks lost.
Sectorial performance was red, as the Consumer goods 0.17%, Industrial 0.10%, Banking 1.00% and Insurance 0.36% sectors all lost. While the Oil & Gas sectors 0.00% sector closed flat.
Fixed Income Market
The average system liquidity decreased by 2% to N574.02 billion from its opening position of N588.38billion.
However, both the Open Buy Back rate and Overnight rate remained flat at 10.63% and 11.01% respectively.
At the close of market activities, average NTBills yield closed at 4.17 %.
At the Bonds market, trading activities was mildly bullish as average yield dlosed lower by 2bps to 13.87%.
The Naira exchange rate, at the I&E window, depreciated by NO.91 to N462.00/USD from N461.09/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.