Nigerian Equities Fall by 0.86% on DANGCEM Shares


as NITTY Moves in Mixed Directions…
The Nigerian stock market moderated by 0.86% amid renewed sell-offs, despite recording 30 gainers as against 16 losers today.

Also, market turnover plunged by 49.78% to N2.61 billion even as shares of Dangote Cement Plc dragged down NSE Industrial sector by 2.11% to close at
1,248.57 points.

Hence, the year-to-date loss of the NSE ASI increased 17.12%. Elsewhere, NIBOR fell for all tenor buckets amid sustained
liquidity ease while NITTY moved in mixed directions across maturities tracked.

In the bond market, OTC FGN bond prices rose for most maturities tracked amid sustained buy pressure as did FGN Eurobond prices amid renewed bullish activity.