; NIBOR, NITTY Decline Amid Sustained Liquidity Ease…
The domestic bourse closed on a negative today having slumped by 0.21%, with the exchange printing 14 laggards as against 12 gainers.
Consequently, the year to date loss of the ASI further worsened to 14.70% from 14.52%. We saw share prices of DANGFLOUR, DANGSUGAR, UACN and GUINNESS plummet by 0.67%, 2.86%, 1.41% and 1.02% respectively.
Elsewhere, total naira votes rose by 68.69% to N2.54 billion as did the total volume of equities traded which spiked by 22.56% to 185.94 million units.
Meanwhile, NIBOR declined across board amid sustained ease in the financial system liquidity while NITTY dipped for most maturities tracked on increased demand in the secondary treasury bills market.
In the bonds market, the values of OTC FGN debts fell for most maturities tracked; however, FGN Eurobond prices rallied across maturities tracked in the international debt market.