As NIBOR Increases Amid Renewed Liquidity Squeeze…
Local equities revved by 0.51% on sustained bullish run, even as the Exchange recorded 17 gainers as against 13 losers at the end of the trading session.
Counters such as GUARANTY, NB and OANDO rallied by 3.57%, 2.83% and 1.33% respectively, lifting the NSE Banking, NSE Consumer Goods and NSE Oil & Gas Sectored gauges higher by 1.10%, 1.19% and 0.15% respectively.
On a year to date basis, the loses of local stocks shrank to 15.47% from 15.98%. Meanwhile, the total volume of equities traded upturned by 77.38% to 319.69 million units while total value of transactions rose by 1.58% to N3.07 billion.
Elsewhere, NIBOR increased across board amid renewed strain in financial system liquidity; however, NITTY dipped across maturities tracked on renewed bullish activity in the secondary treasury bills market.
In the bonds market, prices of OTC FGN debts appreciated for most maturities tracked; similarly, the FGN Eurobond values rose across maturities tracked in the international capital market amid sustained bullish activity.
49,000 46,000 43,000 40,000 37,000 34,000 31,000 28,000 25,000 22,000
NSE ASI & Market Capitalisation
NSE ASI 17,500 16,500 15,500 14,500 13,500 12,500 11,500 10,500 9,500 8,500 7,500
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