—-NIBOR Rises across all Tenure Buckets….

December 20, 2017/Cowry Asset

Equities rebounded by 40 bps as the bourse witnessed renewed bargain hunting activity as high caps remained the toast of investors. Shares of Nestle, Unilever, Seplat and GTBank gained, driving the NSE Consumer Goods, NSE Oil & Gas and NSE Banking indexes rose by 0.63%, 2.53% and 0.02% respectively.

At the close of business the exchange recorded 23 gainers and 22 losers; while the year=to-date gain of local bourse rose to 41.15%.

Elsewhere, NIBOR fell across all tenure buckets amid renewed ease in the financial system liquidity, while NITTY rose across most maturities tracked on sustained sell pressure.

Meanwhile, OTC FGN bonds moved in mixed direction, however, FGN Eurobonds tanked on renewed sell pressure.

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