Stock Market Investors Gain N61.46bn on Friday
The Nigerian stock market rebounded by 0.48 per cent amid renewed bargain hunting activity, even as the Exchange registered 19 gainers as against 12 laggards.
Counters such as shares of ZenithBank, AIICO and WAPCO gained by 0.88 per cent , 2.86 per cent and 5.00 per cent respectively, lifting the NSE Banking, NSE Insurance and NSE Industrial indexes higher by 3.91 per cent , 0.91 per cent and 1.85 per cent respectively.
Consequently, year-to-date loss of the NSE ASI moderated to 16.28 per cent from 16.68 per cent.
Meanwhile, the total naira votes increased by 87.95 per cent to N5.58 billion; however, the total volume of equities traded declined by 40.45 per cent to 432.47 million units.
Elsewhere, NIBOR moved in mixed directions across tenure buckets; however NITTY rose for most maturities tracked amid sustained sell pressure.
In the bond market, the values of OTC FGN long term debts were flattish across maturities tracked; however, FGN Eurobond prices dwindled across maturities tracked amid renewed sell-offs in the international debt market.