Markets

Daily Market Update –May 17, 2013

Photo L-R: NSE’s ED, Market Operations Technology, Ade Bajomo;  NSE’s CEO, Oscar Onyema; Vice President, Association of Investment Advisers and Portfolio Managers (IAPM), Oluwatoyin Sanni; and NSE’s ED, Business Development, Haruna Jalo-Waziri at the  Council Members of IAPM courtesy call to the Exchange on Friday.

The Stock Market
Trading activities at the Nigerian Stock Exchange (NSE) remained bullish today, as market capitalisation of equities further appreciated by 1.39% to close at ₦11.80 trillion, from ₦11.64 trillion.

Daily Market Update –May 16, 2013

The Money Market
Interest rates fell steeply today as expected, by an average of 4.50% regardless of the ₦142 billion OMO debit. The plunge in rates was as a result of the ₦261 billion T-bills maturity in the system. Hence, secured and overnight funds traded at 10.50% and 10.75% respectively.

Treasury Bills Market

Daily Market Update –May 15, 2013

The Money Market
Interest rates rose further today by an average of 1.00%. This was as a result of the ₦46 billion WDAS debit. Consequently, the secured and overnight funds traded at 15.00% and 15.25% respectively. Interest rates are expected to fall steeply from these levels upon the ₦246 billion T-bills maturity tomorrow.

Treasury Bills Market

Daily Market Update –May 13, 2013

Photo L-R: NSE’s Executive Director, Market Operations Technology, Ade Bajomo; Managing Director, Custodian and Allied Insurance Plc, Oluwole Oshin; NSE’s Executive Director, Business Development, Haruna Jalo-Waziri; and Chairman, Interstate Securities Limited, Richard Asabia at the Bell Ringing Ceremony in commemoration of the successful conclusion of merger exercise between Custodian & Allied Insurance Plc and Crusader (Nigeria) Plc  at The Exchange on Monday.

The Money Market

Daily Market Update –May 10, 2013

The Money Market
Interest rates rose sharply today by an average of 2.25%. This was as a result of the ₦47 billion WDAS settlement and the ₦76 billion OMO debit. Consequently, the secured OBB and overnight funds traded at12.5% and 12.75% respectively. NNPC remittances are still on-going. Hence, interest rates are expected to increase further next week.

Treasury Bills Market

Daily Market Update –May 09, 2013

The Stock Market
Trading activities at the Nigerian Stock Exchange (NSE) remained bullish today, as market capitalisation of equities appreciated by 0.83% to close at ₦11.44 trillion, from ₦11.35 trillion.

The NSE All-Share Index also appreciated by 0.83% to close at 35,782.09 basis points as against yesterday’s figures of 35,486.44; putting year-to-date returns at 27.43%.

Daily Market Update –May 08, 2013

The Money Market
There was a further increase in rates today, due to the ₦47 billion WDAS Debit and NNPC withdrawals from the system. As a result, the secured OBB and overnight funds traded at 14% and 14.25% respectively. However, interest rates are expected to fall steeply tomorrow due to the ₦120 billion T-bills net cash credit.

Treasury Bills Market

Daily Market Update –May 07, 2013

The Stock Market
Trading activities at the Nigerian Stock Exchange (NSE) remained bearish today, as market capitalisation of equities depreciated further by 0.34% to close at ₦11.13 trillion, from ₦11.17 trillion.

The NSE All-Share Index also depreciated by 0.34% to close at 34,815.24 basis points as against yesterday’s figures of 34,935.62; putting year-to-date returns at 23.99%.

ACCESS BANK topped the volume chart today with 54.60 million units of shares valued at ₦595.63 million, while FBN HOLDINGS followed, exchanging 44.91 million worth ₦883.34 million.

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