Investors Cash in N40.42 billion as the Local Bourse Index Rises by 0.18%; NIBOR, NITTY Move Southward for Most Tenor Buckets amid Liquidity Ease…

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Investors in the Nigerian equities market today cashed in N40.42 billion as the All-Share Index revved by 0.18% to close above 42,000 points amid sustained bargain hunting activity.

Also, the Exchange registered a strong number of gainers (32), against few losers (19), as corporates round up on filing their 9Months financial statements on the local bourse today.

TOTAL, OKOMUOIL, GUINNESS, WAPCO and VITAFOAM shares were the toast of investors today as the appreciation in their share prices chiefly lifted the year-to-date gain of the local bourse to 4.39%.

Bullish trend was also sustained across sub-sectors tracked, except for the NSE Consumer Goods index which closed lower (0.42%).

The NSE Banking, NSE Insurance, NSE Oil/Gas and the NSE Industrial indexes increased by 1.23%, 1.47%, 2.10% and 0.34% respectively.

Elsewhere, market transactions increased sharply today as the volume and value of stocks traded ballooned by 102.14% and 212.85% to 1.13 billion units and N13.78 billion respectively on significant sale of Eterna shares.

Meanwhile, NIBOR, NITTY fell for most tenor buckets tracked on renewed financial system liquidity ease.

In the OTC bonds market, the values of FGN bonds traded moved in mixed directions across maturities tracked.

However, the value of FGN Eurobond fell further for all maturities tracked amid sustained sell pressure.