Thursday, July 29, 2021

    Domestic Equities Market Closes Higher by 0.17%

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    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    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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