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

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