The latest outcome of the Nigerian Treasury Bill auction points towards yield elevation in the short term.
Sixty (60) equities appreciated at price during the week, higher than fifty (50) equities in the previous week.
Market breadth index was negative with 16 losers against 13 gainers.
Treasury bill auctions shows that the Debt Management Office sold N4.4 billion on the 91-day paper, N7.8 billion on the 182-day bill.
CBN has adjusted the value of the Naira by as much as 15% as it seeks a single exchange rate instead multiple exchange rate.