Domestic Equities Market Index Rises by 0.48% amid Sustained Bullish Activity

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; NIBOR, NITTY Fall for All Tenor Buckets on Liquidity Boost…

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NIBOR decreased for the majority of tracked maturities as the liquidity in the At the close of Tuesday’s trading session, the local bourse index advanced by 0.48% to close at 52,621.19 points following sustained buying interest in banking shares.

Hence, the year-to- date gain of the NGX ASI rose to 2.67% even as the bulls (33) outnumbered the bears (15). Specifically, stocks such as TRANSCORP, UNILEVER, PZ, FBNH, STANBIC, ZENITHBANK, and GTCO increased by 9.85%, 9.70%, 8.82%, 7.54%, 5.33%, 2.08%, and 2.03%, respectively.

Sectorial performance was positive, as four of the five indices tracked closed in the green zone: MPR: 18.00% Apr’23 Inflation Rate: 22.22% FY 2022 Real GDP: 3.11% the NGX Banking, NGX Consumer Goods, NGX Oil/Gas, and NGX Industrial indices climbed by 1.55%, 0.35%, 0.04%, and 0.02%, respectively.

However, the NGX Insurance index fell marginally by 0.01%. Meanwhile, market activity improved, with total deals, volume, and value increasing by 1.69%, 10.29%, and 27.60%, respectively, to 5,946 trades, 350.97 million units, and N5.17 billion.

In terms of volume, UBA emerged as the most actively traded stock, with 62.45 million shares worth N511.06 billion changing hands in 421 deals.

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