——NGXASI stands at +39.09% (YTD); Naira appreciated by 5.72% to N831.47/(USD)

November 29, 2023/Futureview Research

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EQUITIES MARKET:

Today in the Nigerian Equities Market, the Bull overturned the bear as the benchmark NGXASI added 34bps to close at 71,284.56 points from 71,041.29 points in the previous session.

The day’s positive performance was primarily driven by price appreciation in NESTLE (+9.52%), SEPLAT (+10.00%), TRANSCORP (+1.34%), UCAP (+0.29%) and 17 other stocks which kept the All-Share-Index in the positive terrain.

Consequently, the year-to-date returns surged to 39.09%, while the overall market capitalization increased by 34 basis points as investors fortunes increased by N132.45 billion.

Market activity for the day was mixed as value traded increased by 17.64% to reach N6.61 trillion, and volume traded decreased by 32.55% to reach 360.60 million units.

We expect the market to trade mixed this week.

CURRENCY MARKET:

The Nigerian Naira appreciated by 5.72% against the US Dollar in the NAFEM Window, closing at a rate of N831.47/USD.