as OTC FGN Bond Prices Move in Mixed Directions…
The local bourse rose by 0.15% amid renewed bargain hunting activity despite the Exchange recording 20 losers as against 10 gainers.
Market capitalization increased today by N17 billion to close N11.26 trillion as shares of Nestle Nigeria Plc and Dangote Sugar Refinery Plc lifted NSE
Consumer Goods index by 1.95%.
Hence, the year-to-date loss of All Share Index decreased to 19.28%. Elsewhere, NIBOR rose for all tenor
buckets amid sustained liquidity strain while NITTY rose for most maturities as FPIs continued to sell down their investment.
However, OTC FGN Bond prices moved in mixed directions while FGN Eurobond prices fell for all maturities on sustained bearish activity