; 12-Month NITTY Rises to 17.28%…
The local bourse rose by 0.86% on renewed bargain hunting, after recording five days of straight losses, closing the month positively.
The Exchange recorded 22 gainers against 15 losers with shares of Guaranty Trust Bank, Mobil Oil, Nigerian Breweries and Dangote Cement lifting NSE Banking, NSE Oil/Gas, NSE Consumer Goods and NSE Industrial indexes higher by 1.53%, 1.52%, 0.90% and 0.14% respectively.
Hence, the year-to-date loss of All Share Index moderated to 19.26%. Elsewhere, NIBOR and NITTY rose for all tenor buckets amid sustained liquidity strain.
However, OTC FGN Bonds moved in mixed directions across maturities while FGN Eurobonds rose on sustained bullish activity.