Nigerian Bourse Appreciates by 0.47% on DANGCEM Shares

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As Bond Markets Close Bearish…
At close of business, the Exchange recorded 19 gainers against 18 losers with NSE ASI up by 0.47% on sustained bargain hunting activity. Today,
NSE Industrial index grew by 0.85% as bell-whether, Dangote Cement Plc, lifted the sector. Also, Market Capitalization increased by N52 billion
to close N11.37 trillion while the year-to-date loss of All Share Index slowed to 18.54%. In the money market, NIBOR rose for all tenor buckets
amid renewed liquidity strain while NITTY moved in mixed directions. However, OTC FGN Bond prices fell for most maturities tracked on sell
pressure as did FGN Eurobond prices for all maturities on sustained bearish activity.

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