as OTC FGN Bond Prices Move in Mixed Directions…
At the close of business today, NSE ASI rose by 0.32% on renewed bullish activity despite the Exchange recording 22 losers as against 17 gainers.
Bellwether stocks, Seplat and Dangote Cement Plc, lifted NSE Oil/Gas and NSE Industrial sector by 3.09% and 1.14% respectively, thereby
slowing the year-to-date loss of the ASI to 19.45%. Elsewhere, NIBOR fell for all tenor buckets amid renewed liquidity ease while NITTY rose for
most maturities amid renewed sell pressure.
However, OTC FGN bond prices moved in mixed direction across maturities tracked while FGN
Eurobond prices fell for all maturities tracked at the international market amid sustained bearish activity