Local Bourse Plummets by 0.16% on Sustained Profit Taking

Date:

As NIBOR Moves in Mixed Directions…

Thank you for reading this post, don't forget to subscribe!

The NSE ASI slid into the red zone by 0.16% as investors maintained negative sentiment amid profit taking activity ahead of the general elections tomorrow.

Tickers such as NB, CADBURY, FLOURMILL and DANGCEM nosedived by 3.03%, 9.57%, 2.42% and 0.31% respectively despite the local bourse printing 20 gainers as against 17 losers by close of trade.

Consequently, the Consumer Goods and Industrial sectorial Indices moderated by 0.81% and 0.16% respectively. Similarly, the total volume of traded equities decreased marginally by 0.38% to 221.47 million units Hence, the year-to-date stood at 3.45%. However, the total value remained unchanged at N2.4 billion.

Elsewhere, NIBOR moved in mixed directions across tenure buckets while NITTY decreased across board for all maturities tracked.

In the bond market, value of the OTC FGN long term papers rose for most maturities tracked.

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

“Two broke people dating should be a crime” – Cynthia Morgan

March 28, 2024. Azonuchechi Chukwu. Nigerian singer, Cynthia Morgan has explained...

Positive Outlook for Nigeria as Interest-Rate Increases Spark Investor Interest

Nigeria Leads Emerging-Market Rebound Amidst Policy ReformsAs the first...

“West Africa’s Cocoa Crisis: Chocolate Prices Soar Amidst Devastation”

Janet Gyamfi, a 52-year-old cocoa farmer from western Ghana,...

Nigeria’s New Mining Licensing Strategy: A Shift Towards Local Processing

Nigeria is shifting its mining licensing process to prioritize...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading