Local Bourse Index Rebounds by 0.83% amid Renewed Bullish Activity

Date:

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

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

Following five consecutive days of losses, the bearish sentiment came to a halt as the local bourse All Share Index (ASI) rose by 0.83% to end trading session for the week.

Also, the Exchange printed 14 gainers as against 13 losers. Hence, the year to date loss of the NSE ASI moderated to 7.5%.

We saw investors take advantage of the cheap share prices of large cap stocks such as AIRTELAFRI, NESTLE and ZENITHBANK; hence their respective share prices increased by 9.97%, 1.78% and 0.31%. On the positive side, the NSE Banking, NSE Insurance and NSE Consumer Goods Index rose by 0.64%, 0.04% and 0.96% respectively.

However, the NSE Oil/Gas and NSE Industrial declined by 0.45% and 0.35% respectively.

Meanwhile, the value of stocks traded rose by 32.56% to N2.15billion as N870 million worth of GUARANTY shares exchanged hands.

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

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

Nigeria’s Access Holding eyes $1.5 bln share or bond sale

ABUJA, March 28 - Nigeria's Access Holding Plc (ACCESSCORP.LG),...

“AfDB Invests $75 Million in Indorama for Fertilizer Expansion”

The African Development Bank has inked a $75 million...

“Zack Orji survived two brain surgeries” – Emeka Rollas gives update

March 28, 2024. Azonuchechi Chukwu. The national president of the Actors...

Sokoto kidnap victim who spent 96 days in bandits’ captivity dies after regaining freedom

March 28, 2024. Azonuchechi Chukwu. A kidnap victim, Salisu Iliyasu Takakume,...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

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

Continue reading