October 13, 2023/Research & Strategy

Futureview Financial Services

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EQUITIES MARKET:

The domestic bourse ended the last trading session of the week on a bullish, as investors’ sustained interest in the banking sector drove the benchmark, NGXASI up by 10bps, closing at 67,200.69 points.

The day’s positive performance was driven by investors’ buying interest in large and mid-cap stocks, amongst which were: ACCESSCORP(+0.63%), UBA(+0.29%), DANGSUGAR(+4.66%), NASCON(+4.96%), UNILEVER(+1.42%) and 11 other stocks. and 13 other stocks, all contributing to the overall positive market trend.

As a corollary, the year-to-date return rose to 31.12%. The overall market capitalization gained 0.10% for the day, to settle at N32.92trillion. Consequently, investors wealth rose by ₦37.08bn.

CURRENCY MARKET:

The Nigerian Naira depreciated by 0.75% against the US Dollar in the I&E Window, closing at a rate of N764.86/USD.