Nigeria stocks up 0.70% as Zenith Bank Shares Account for 46% of Traded Value

Date:

; NIBOR Falls amid Liquidity Ease…

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On the back of renewed investor appetite, the Nigerian Stock Market appreciated today by 0.70% with gainers exceeding losers – 24 against 11.

Top leaders were shares of Dangote Cement Plc, Mobil Oil Plc (11 Plc) and Guaranty Trust Bank lifting NSE Industrial, NSE Oil/Gas and NSE
Banking sectors by 1.65%, 1.50% and 0.48% respectively.

Thus, year to date loss of the All Share Index slowed to 19.40%. Elsewhere, NIBOR fell for all tenor buckets amid liquidity ease as did NITTY for most maturities amid buy pressure.

In the bond market, OTC FGN bond prices fell for most maturities tracked amid sustained sell pressure as did FGN Eurobond prices on sustained bearish activity.

TENOR NIBORas@18/12/2018 NIBORas

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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