NSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23

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The domestic equities market continued to enjoy the patronage of investors, following the collapse in stop rates to below 0.5% for all maturities at the primary market auction. Hence, the NSE ASI gained 6.23%, triggering a 30-minute trading halt of all stocks as ASI rose beyond the set threshold of 5%.

Similarly, the Exchange printed 62 gainers as against 7 losers even as the year to date gain of the NSE ASI rose to 31.66%. Specifically, Tickers such as AIRTELAFRI, DANGCEM and ZENITH BANK rose by 10%, 8.11% and 9.77% respectively.

Also, the NSE Banking, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Industrial indices gained 7.94%, 4.78%, 5.81%, 1.98%, and 8.65% respectively. Meanwhile, the total volume and value of stocks traded rose by 39% and 91.95% to 1.19 billion units and N17.39 billion respectively.

Elsewhere, NIBOR falls for most tenor buckets; however, NITTY moved in mixed directions across maturities tracked as stop rates for 91-Day, 182-day and 364-day fell to 0.03%, 0.15% and 0.3% respectively. In the OTC bonds market, the values of FGN bonds were flattish for most maturities tracked; however, FGN Eurobond moderated for all maturities tracked.

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NSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23 - Brand SpurNSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23 - Brand Spur
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NSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23 - Brand SpurNSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23 - Brand Spur

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- Advertisement -NSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23 - Brand SpurNSE Triggers Circuit Breaker for the first time since 2016 as Index Rocketed by 6.23 - Brand Spur