As NIBOR Rises for Most Tenor Buckets amid Renewed Liquidity Strain….
The Local Bourse All Share Index (ASI) gained 0.10% to close at 21,121.20 points amid renewed bullish activity despite the Exchange printing 7 gainers against 19 losers at the close of trade.
Consequently, the year to date loss of the NSE ASI moderated to 21.31%.
Investors were bullish on the shares of DANGCEM as it rose by 9.93%, hence lifting the NSE Industrial index by 2.37% to close in green territory.
On the flip side, the NSE Banking, NSE Insurance and NSE consumer goods indices plunged by 2.19%, 0.84% and 1.89% respectively.
Meanwhile, market activity was upbeat as the value and volume of stocks traded rose by 65.38% and 62.07% to 0.25 billion units and 2.86 billion respectively.
Elsewhere, NIBOR rose for most tenor buckets amid renewed liquidity strain; however, NITTY declined for all maturities amid bullish activity.
In the OTC bonds market, the values of FGN bonds was flattish for most maturities tracked; however, FGN Eurobond tanked for all maturities tracked amid bearish activities.