…As NITTY Rises amid Renewed Sell Pressure…
The local bourse dipped 48 bps on sustained profit taking activity closing 23 losers against 12 gainers today.
Particularly, shares of Oando Plc,
Dangote Cement Plc and Access Bank Plc shed weight, dragging the NSE Oil/Gas, NSE Industrial and NSE Banking indexes lower by 0.79%, 0.42% and 0.17% respectively.
Hence, market capitalization decreased by N54 billion to stand N11.33 trillion. Elsewhere, NIBOR rose for most maturities tracked amid liquidity strain as did NITTY for most maturities on renewed sell pressure.
In the bond market, OTC FGN Bonds rose for most maturities amid sustained sell pressure while FGN Eurobonds fell on sustained bearish activity.