Investors keep shunning equities on rising Fixed Income market yields

Investors keep shunning equities on rising Fixed Income market yields

Trade volume slides by 42.6%; value contracts 22.9% Investors lose N130bn Experts expects dividend news to temper sell-offs   For the third week in a row, trading on the floor of Nigerian Stock Exchange (NSE) ended in red as investors picked new bride in the Fixed Income market following rising yields. Despite the modest positive start recorded in the market at the beginning of last trading week, the bears waxed stronger and impaired the aggregate value of equity assets at the market by N130 billion loss, dragging the market Cap…

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Fixed income yield continue to weaken as market appetite wither

Naira loses N2.35 as FI market treads mixed paths

Fixed income yield continue to weaken as market appetite wither By Zedcrest Analysts _________________ FGN Bonds The FGN bond market continued on its sluggish note, opening and trading on a very drab note. The belly of the curve weakened aggressively, sliding another 40bps D/D. We saw better offers for 2034s-2037s paper and a few trades printed for the 2035s,2036s, and 2037s maturities with the range of 7.40%-7.60%. Offers were also bettered for the 2034s paper at the 7.50% level but were met with a rather far bid making it challenging…

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