——NGXASI Stands at +39.35% (YTD); Naira Depreciated by 11.40% to N927.19/(USD)

December 1, 2023/Futureview Research

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EQUITIES MARKET:

The Nigerian Equities Market extended its positive tempo to close the last trading session of the week in the green region., As the benchmark NGXASI inched up by 8bps to close at 71,419.87 points from 71,365.25 points in the previous session.

The day’s positive performance was primarily driven by investors buying interest in ACCESSCORP (+0.28%), ZENITHBANK (+2.79%), GTCO (+0.26%), FBNH (+0.45%), OANDO (+0.85%) and 34 other stocks which kept the All-Share-Index in the positive terrain.

Consequently, the year-to-date returns surged to 39.35%, while the overall market capitalization increased by 8 basis points as investors fortunes increased by N30.21 billion.

Market activity for the day was negative as value and volume traded decreased by 0.17% and 33.14% to reach N10.23 trillion, and 361.12 million units, respectively.

We expect positive sentiments to prevail in the coming week.

CURRENCY MARKET:

The Nigerian Naira depreciated by 11.40% against the US Dollar in the NAFEM Window, closing at a rate of N927.19/USD.