· The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.03% to 24,452.23 Index Points and N12.743 Trillion respectively. Year-to-Date ASI is still at a negative of -8.90%.
· Number of trade, Volume of trade and Value of trade all increased by 8.59%, 28.57% and 37.98% to 5195 deals 436.838 Million units and N5.410 Billion respectively.
· REDSTAREX topped the gainers’ table percentage price change by 10.00%, while UNITYBNK led the losers’ chart with percentage price change by -3.85%.
· Market breadth was positive with Thirty-Seven (37) price gainers and Five (5) price losers.
EXPLAINER-How do negative interest rates work?