The local equities market commenced the trading week in the green zone as its All Share Index (ASI) rose by 0.80% to close at 39,110.17 points as banking and Industrial stocks were the toast of investors today. Hence, the year-to-date gain of the NSE ASI increased to 45.71% despite the Exchange printing more losers (20) than gainers (19). We saw investors took a position in BUACEMENT, ZENITH BANK and ACCESS shares.
Hence, their respective share prices increased by 6.67%, 2.04% and 4.07%. However, the performance was largely negative across sub-sectors; the NSE Insurance, NSE Consumer Goods and the NSE Oil/Gas indices fell by 0.81%, 0.05% and 0.06% respectively. On the flip side, the NSE Banking and the NSE Industrial indices rose by 1.05% and 2.39% respectively.
Meanwhile, activity in the market was mixed as the total deals and volume of stocks traded ballooned by 72.38% and 85.40% to 2,925 deals and 0.38 billion units respectively; however, value of stocks traded fell by 45.00% to N4.38 billion. Elsewhere, NIBOR rose for most tenor bucket amid renewed liquidity strain; while NITTY declined for all maturities tracked.
In the OTC bonds market, the values of FGN bonds moved in mixed directions across maturities tracked; however, the value of FGN Eurobond declined for most maturities tracked.
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