; NITTY for 1 Month Maturity Moderates to 2.92% amid Renewed Bullish Activity…
Thank you for reading this post, don't forget to subscribe!The Nigerian equities market further closed in red territory as the NSE All Share Index (ASI) dipped by 0.75% amid sustained profit taking activity.
Also, the Exchange recorded 17 losers as against 11 gainers; consequently, the year to date gain of the NSE ASI slid to 8.27% from 9.09%.
Similarly, most of the sub-sector gauges closed southwards: NSE Banking, NSE Consumer Goods, NSE Oil/Gas and NSE Industrial indices moderated by 0.21%, 0.21%, 0.11% and 1.30% respectively.
Specifically, investors booked profit on shares of MTN, BUACEMENT, UACN and Access Bank even as market activity slowed.
Total volume and value of stocks traded today further dwindled by 46.00% and 56.49% to 0.36 billion units and N2.83 billion.
Elsewhere, NITTY moderated for most maturities on sustained bullish activity, especially 1Month yield which crashed to 2.92%; also, NIBOR declined for all tenor buckets amid renewed financial liquidity ease.
In the bonds market, the values of OTC FGN bonds moved in mixed directions across maturities tracked.