NSE ASI Gains 39bps on Sustained Bargain Hunting; NIBOR Falls amid Renewed Liquidity Ease…


The NSE ASI revved by 0.39% on sustained bullish run, even as the Exchange recorded 26 gainers against 13 losers at the close of business today. Similarly, symbols such as ACCESS, DANGFLOUR and DANGCEM rose 3.01%, 2.88% and 0.53% respectively, pushing the NSE Banking, NSE Consumer Goods and NSE Industrial sectored gauges up by 0.77%, 0.30% and 0.26% respectively.

Consequently, the year to date losses of local shares contracted to 4.28% from 4.64%. In the same vein, the total volume of equities traded increased by 5.08% to 226.98 million units; however, the total value of equities traded nosedived by 46.12% to N1.74 billion from N3.23 billion.

In the bond markets, the value of OTC FGN papers moved in mixed directions for maturities tracked; while, the FGN Eurobonds prices fell across board profit taking.

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