DANGCEM, MTNN, GUARANTY Stock rise as Lagos Bourse Rises by 0.27% amid Sustained Bullish Activity

Date:

As NIBOR Declines for Most Tenor Buckets amid Sustained Liquidity Ease…

Thank you for reading this post, don't forget to subscribe!

The Local Bourse All Share Index (ASI) rose marginally by 0.27% amid sustained bargain hunting activity even as the Exchange recorded 20 gainers as against 18 losers at the close of trade.

Hence, the year to date loss of the NSE ASI moderated to 5.43%. Tickers such as DANGCEM, MTNN, GUARANTY rose by 1.44%, 0.43% and 2.44% respectively.

Two of the five sub-sectors increased: the NSE Insurance and NSE Industrial indices rose by 0.44% and 0.20% respectively.

However, the NSE Banking and NSE Consumer goods lowered by 0.09% and 0.13% respectively.

Meanwhile, market activity was upbeat as the value of stocks traded rose by 128.87% to N6.04 billion, amid N2.2 billion and N1 billion worth of NB and DANGCEM shares which exchanged hands today.

Elsewhere, NIBOR declined for most tenor buckets amid sustained liquidity ease; however, NITTY rose for most maturities tracked.

In the OTC bonds market, the values of FGN bonds rose for most maturities tracked; also, FGN Eurobond rose for most maturities tracked.

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Kaduna Governor Advocates for State Police Amidst Banditry Challenges

Kaduna State Governor, Uba Sani, emphasized the urgent need...

EFCC Retrieves 324 Houses for Kano Pensioners in Alleged N4.1 Billion Property Fraud

Yesterday, the Economic and Financial Crimes Commission (EFCC) handed...

“More CBN Directors Face Dismissal Amidst Controversy”

Twelve additional directors of the Central Bank of Nigeria...

NNPCL’s Kyari to Feature Prominently at 2024 CERAWeek Conference

Mr. Mele Kyari, the Group Chief Executive Officer of...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading