Domestic Equities Market Closes Higher by 0.17%


As N.IBOR Falls for all Tenor Buckets amid Renewed Liquidity Ease…

After four consecutive days of extended losses, the local bourse rebounded by 0.17% to 39,396.57 points amid renewed bullish sentiments even as the Exchange printed 25 gainers as against 14 losers at the close of the trading session. Consequently, the year-to-date loss of the NSE ASI lowered to -2.17%.

Specifically, Symbols such as WAPCO, ARDOVA, AIICO, ACCESS and GUARANTY rose by 7.66%, 10%, 3.45%, 2.56% and 0.16% amid buy pressure. Performance across sub-sector gauges tracked was bullish as three out of the five indices tracked closed in green zone; the NSE Insurance, NSE Oil/Gas and NSE Industrial advanced by 1.26%, 101% and 0.47% respectively.

On the flip side, the NSE Banking and NSE Consumer Goods fell by 0.03% and 0.06% respectively.

Meanwhile, trading activity was weak as the total deals, volume and value of stocks traded fell by 4.90%, 49.42% and 76.83% to 4,655 deals, 0.29 billion units and N3.15 billion respectively.

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

In the OTC bonds market, the values of plain vanilla FGN bonds moderated for most maturities tracked; also, the value of FGN Eurobond fell for all maturities tracked.

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