Photo L–R: Oscar Onyema, CEO of the Nigerian Stock Exchange; Atuyota Akporobomeriere a.k.a. Ali Baba, Ace Laughter Merchant; Tunde Adewale a.k.a. Tee-A; and Mandy Uzonitsha, pioneer female stand-up comedian at the Year End Trade Closing Ceremony of The Exchange in Lagos today.
The Money Market
Interest rates remained stable today as the Money Market is still wash with liquidity. Consequently, the secured OBB and the overnight funds closed at 10.25% and 10.50% respectively.
The Bonds Market
The FGN Bond Market remained quiet all through the day.
The Foreign Exchange Market
The Foreign Exchange Market opened today at ₦156.15 to a dollar with the naira appreciating by 3 kobo due to ease in demand pressures. Few trades were executed today as most counterparties were out of the market, being the last trading day of the year. The naira had appreciated last Friday by 85 kobo.
The Stock Market
Trading activities at the Nigerian Stock Exchange (NSE) ended the year on a bullish note, as market capitalisation of equities appreciated today by 0.76% to close at ₦8.98 trillion, from ₦8.91 trillion.
The NSE All-Share Index also appreciated by 0.76% to close at 28,078.81 basis points as against last Friday’s record of 27,866.51; putting year-to-date returns at 35.45%.
TRANSNATIONAL CORPORATION topped the volume chart today with 88.28 million units of shares valued at ₦93.35 million, while UBA followed, exchanging 17.82 million worth ₦80.26 million.
Market breadth remained positive today with 30 gainers against 10 losers. AIRSERVICE, FCMB and JBERGER topped the gainers’ chart, gaining 10.00%, 8.70%, and 5.00% respectively, while VITAFOAM, CONTINSURE and CUSTODYINS led market losers with respective losses of 3.17%, 2.56%, and 2.26%.
Meanwhile, a frontline comedian and entertainment pacesetter, Atuyota Akporobomeriere, better known as Ali Baba, in company of his wife and other top MCs/comedians, rang the Year End Closing Bell of The Exchange today. The ceremony formally brought market transactions on the Nigerian bourse to a close for 2012.