12-Month NITTY Rises to 17.29%…
The local equities market reversed yesterday’s loss, gaining 0.68% as 24 stocks appreciated against 14 stocks.
On the back of renewed positive
trades, market capitalization rose by N76 billion to close at N11.32 trillion even as shares of First Bank of Nigeria Plc, Guaranty Trust Bank Plc,
Zenith Bank Plc and Access Bank Plc lifted NSE Banking index by 2.62%.
Thus, the year-to-date loss of All Share Index moderated to 18.92%.
Elsewhere, NIBOR fell for all tenor buckets amid renewed liquidity ease while NITTY rose for most maturities on sustained sell pressure.
However, OTC FGN Bonds rose for most maturities tracked on buy pressure while FGN Eurobonds fell for all maturities on renewed bearish