NSE ASI sheds 0.14% amid Renewed Profit Taking Activity

Date:

; NIBOR Moves in Mixed Directions…
The domestic bourse dipped by 0.14% amid renewed sell pressure despite the Exchange recording 21 gainers as against 15 losers at the close of trade.

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Given investors’ negative sentiment towards equities, shares of ZENITHBANK and INTBREW plummeted by 1.94% and 9.48% respectively, thus, dragging their respective sectorial gauges lower by 0.27% and 0.85%.

Also, the total volume and value of traded equities declined by 50.29% and 60.25% to 220.62 million units and N2.24 billion respectively.

Hence, the year-to-date gain of the NSE ASI reduced to 3.62%.

However, the Oil/Gas sector increased by 0.49% as shares of OANDO rose by 3.17%. Elsewhere, NIBOR moved in mixed directions across tenure buckets while NITTY rose for most maturities tracked. In the bond market, value of the OTC FGN long term papers maintained a decrease for all maturities tracked amid sell pressure.

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.

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