Investors Lose N39bn as Stock Market Closes on Bearish Note

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; NITTY Falls amid Sustained Buy Pressure…

Today, the Nigerian Equities Market fell by 0.38% despite recording 23 gainers as against 18 Losers at close. High caps such as Seplat, Dangote
Cement Plc and Zenith Bank Plc dragged down NSE Oil/Gas, NSE Industrial, and NSE Banking indexes by 2.99%, 1.14% and 0.21% respectively.

Market capitalization also decreased by N39 billion to stand at N11.22 trillion. In the money market, NIBOR rose for all tenor buckets amid
renewed liquidity strain while NITTY fell for most maturities amid sustained buy pressure.

In the bond market, OTC FGN bond prices rose for
most maturities tracked amid renewed buy pressure while FGN Eurobond prices fell for all maturities tracked on sustained bearish activity.

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