By Nkiruka Nnorom
Investment analysts have said that the equities market will sustain its two week positive sentiment following positioning by investors ahead of half year (H1) 2021 corporate results announcements and dividend declarations.
They also see heightening of buy interest in equities following the moderation in interest rates in the money market in the weeks ahead, a speculation which may have led to a significant investors’ gain of N224 billion last week.
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Average yields across all instruments in the Treasury Bills (TBs) secondary market contracted by 13 basis points (bps) to 8.27 percent last week. Across the market segments, the average yield at the Open Market Operation, OMO, Treasury Bills segment declined by 33bps to 9.7 percent.
In contrast, average yields at the primary segment of the Nigeria Treasury Bill (NTB) sustained its bearish run and expanded by 10bps to…
Source: Vanguard Newspaper
