By Ngozi Onyeakusi — Domestic equities market rebounded by 0.67% amid renewed bargain hunting activity following the positive full year 2018 result released by Zenith Bank yesterday.
Also, the NSE printed 16 gainers as against 14 losers even as shares of ZENITH and GUARANTY led the gainers’ chart, thus, lifting the banking sector index by 2.97%.
Similarly, Consumer Goods and Oil/Gas indices rose by 0.74% and 0.26% respectively.
Market activity was upbeat today as the total volume and value of equities traded increased by 54.99% and 23.69% to 361.82 million units and N4.16 billion respectively. Hence, the year-to-date gain of the NSE ASI rose to 3.10%.
Meanwhile, NITTY moderated across most maturities tracked while NIBOR slid in mixed directions.
In the bond market value of the OTC FGN long term debts moved in mixed directions; however, FGN Eurobonds rose for all maturities tracked amid renewed buy pressure