ZenithBank, Flour Mills,UBA, Mansard, GTBank Record Gains as NSE Index Rebounds by 0.17%

Date:

as NIBOR, NITTY Fall on Financial Liquidity Ease…

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The NSE ASI rebounded by 0.17% on renewed bullish activity to close at 22,734.07 points following five consecutive days of profit taking.

The Exchange printed 17 gainers as against 15 losers as investors cherry-picked stocks. Consequently, the year to date loss of the NSE ASI shrank to 15.30% from 15.44%.

The share prices of ZENITHBANK, FLOURMILL, UBA, AXA MANSARD and GUARANTY which rose by 8.76%, 8.08%, 8.93%, 9.27% and 4.97% respectively were the toast of investors today thus, the NSE Banking and NSE Insurance indices rose by 4.17% and 2.70% respectively. However, the NSE Consumer Goods, NSE Oil/gas and NSE Industrial dipped by 1.31%, 4.89% and 0.04% respectively.

Meanwhile, total volume of stocks traded declined by 30.76% to 0.73 billion units; however, total value of stocks traded rose by 4.18% to N10.21 billion. Meanwhile, NIBOR and NITTY declined for most tenor buckets.

In the OTC bonds market, the values of FGN bonds moved in mixed directions; while FGN Eurobond moderated for all maturities tracked.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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