Nigerian Equities Gain 0.15% on Consumer Goods Stock

Date:

as OTC FGN Bond Prices Move in Mixed Directions…

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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

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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