—–NGXASI Stands at +38.64% (YTD); Naira Depreciated by 13.78% to N956.33/(USD)

November 23, 2023/Futureview Research

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EQUITIES MARKET:

The Bull overturned the Bear as the Nigerian Equities Market closed the day’s trading session in the green. The benchmark NGXASI gained 7bps to pull the All-Share Index to 71,052.85 points from its previous close of 71,003.98 points.

The gains in today’s market were majorly attributed to profit appreciation in GTCO (+1.96%), ZENITHBANK (+0.30%), , UNITYBNK (+9.74%), OANDO (+2.13%), TRANSCORP (+0.33%), CILEASING (+7.98%%), and 29 other stocks which kept the All-Share-Index in the positive terrain.

Consequently, the year-to-date returns uptick to 38.64%, followed by a 0.07% increase in market capitalization to close at ₦39.07 trillion as investors’ wealth increased by N26.87 billion.

Market activity for the day varied as volume traded increased by 31.57% to reach 563.71 million units, and value traded decreased by 53.32% to close at N3.44 trillion.

We expect the market to close mixed.

CURRENCY MARKET:

The Nigerian Naira depreciated by 13.78% against the US Dollar in the NAFEM Window, closing at a rate of N956.33/USD.