NIBOR Declines Amid Renewed Liquidity Ease…
The Nigerian bourse remained in positive territory, having gained 0.66%, as bargaining hunting activity persisted.
At the close of business, the NSE printed 19 gainers as against 12 losers even as shares of ACCESS, NESTLE and CCNN appreciated by 1.09%, 3.85% & 5.26% respectively, lifting the NSE Banking, NSE Consumer Goods and NSE Industrial indexes higher by 0.69%, 2.04% and 1.19% respectively.
Meanwhile, the total value of equities traded surged by 112.76% to N3.66 billion; however, the total volume of equities traded fell by 25.23% to 227.18 million shares. Consequently, the NSE ASI year-to-date loss shrank to 14.09% from 14.66%.
Elsewhere, NIBOR decline across tenure buckets amid renewed ease in the financial system liquidity; however, NITTY increased for most maturities tracked amid renewed bearish activity.
In the bond market, values of the OTC FGN long term debts rose for most maturities tracked amid buy pressure; on the flip side, FGN Eurobonds fell for most maturities tracked amid profit taking.