NIBOR Rises for Most Tenor Buckets amid Sustained Liquidity Strain…
The domestic equities market ASI further rose by 0.39% to 26,611.96 points amid sustained bargain hunting activity even as the Exchange recorded 14 gainers as against 10 losers at the close of the trading session.
Thus, nearly erased the year to date loss of the NSE ASI as it fell to 0.9%.
Also, given the demand pressure on Tickers such as BUACEMENT, GUARANTY, DANGSUGAR and ZENETHBANK, their respective share prices closed higher by 3.34%, 0.93%, 1.63% and 0.87%.
Notably, all the sub=sector gauges tracked closed northwards; the NSE Banking, NSE Insurance, NSE Consumer Goods, NSE oil/Gas and NSE Industrial indices advanced by 0.40%, 0.24%, 0.07%, 0.26% and 0.83% respectively.
Meanwhile, the total volume and value of stocks traded rose by 22.64% and 12.38% to 0.41 billion units and N4.5 billion amid investor’s positive sentiment.
Elsewhere, NIBOR rose for most tenor bucket amid sustained liquidity strain; however, NITTY moderated for most maturities tracked.
In the OTC bonds market, the values of FGN bonds were flattish for most maturities tracked; however, FGN rose moderated for all maturities tracked.