Markets

Daily Market Update –January 7, 2013

The Money Market
Market opened on a liquid note today. However, interest rates rose by an average of 0.25% from previous close due to ₦133 billion Open Market Operations carried out today by the CBN. Hence, the secured funds and the overnight funds traded at 11.25% and 11.50% respectively.

Treasury Bills Market
The Treasury Bills Market was quiet today, with yields dropping slightly by an average of 0.07% on the short and medium tenured bills while the long tenured bills remained relatively stable.

Daily Market Update –January 4, 2013

The Money Market
After today’s OMO debit, market liquidity fell to a week record low. As a result, rates rose by about 0.50%, with the secured OBB trading at 10.75% and the overnight funds at 11.00%.

Treasury Bills Market
The Treasury Bills Market was in a bearish mood today with yields rising by an average of 0.20% across most maturities principally because of the CBN’s continuous OMO auction. Major emphasis was on 06-Jun-2013 (Term to Maturity (TTM) 153 days) which went up by 0.40% to close at 12.75 offer.

Daily Market Update –January 3, 2013

The Money Market
Market remained liquid today, despite the announcement of the OMO auction for settlement today. Consequently, the secured OBB and the overnight funds closed at 10.25% and 10.50% respectively.

Treasury Bills Market
The Treasury Bills Market was quite active today with yields dropping an average of 0.10% across board. Major activity was witnessed on the next 91 day bill to be re-opened at the Primary auction which dropped by 0.75% to close at 12.15 offer.

The Bonds Market

Daily Market Update –December 31, 2012

Photo L–R: Oscar Onyema, CEO of the Nigerian Stock Exchange; Atuyota Akporobomeriere a.k.a. Ali Baba, Ace Laughter Merchant; Tunde Adewale a.k.a. Tee-A; and Mandy Uzonitsha, pioneer female stand-up comedian at the Year End Trade Closing Ceremony of The Exchange in Lagos today.

The Money Market
Interest rates remained stable today as the Money Market is still wash with liquidity. Consequently, the secured OBB and the overnight funds closed at 10.25% and 10.50% respectively.

The Bonds Market

Daily Market Update –December 27, 2012

The Money Market
The money market remained liquid and was boosted by a net cash credit of ₦142 billion (treasury bills maturity), as a result rates came down by about a 1.00% from previous close.

Rates on the secured borrowings and overnight funds remained at 10.25% and 10.50% respectively.

The Bonds Market
The FGN Bond Market witnessed no activity today as this is due to the festive season break.

Daily Market Update –December 24, 2012

The Money Market
Interest rates opened at previous close. However, CBN carried out an OMO Session and floated ₦120 billion. As a result of this, rates trended up by 1.00% to where it closed. Rates on secured borrowings and overnight funds closed at 11.25% and 11.50% respectively.

Treasury Bills Market
The Treasury Bills market was very quiet today, with a slight drop in yields by an average of 0.05% across all tenured brackets.

The Bonds Market

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