NGXASI stands at +10.46% (YTD)

January 11, 2024/Futureview Research

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EQUITIES MARKET:

Bulls resurface as The Nigerian Equities market closed the day’s trading session in the green region. The benchmark NGX All-Share Index (NGXASI) gained 70 basis points to close at 82,597.08 points from 82,024.38 points.

The day’s positive performance was attributed to investors’ buying activities in major stocks like UBA (+4.94%), TRANSCORP (+4.12%), ZENITHBANK (+1.99%), GTCO (-8.71%), ACCESSCORP (+1.08%), MTN (+0.35%) and 42 other stocks.

Consequently, the year-to-date return increased to 10.46%. In the same vein, the overall market capitalization increased by 0.70% to ₦45.20 trillion as equity investors gained ₦313.39 billion.

Market activity for the day was negative as volume and value traded decreased by 46.55% and 43.20% to close at 877.28 million units and N14.41 billion respectively.

We expect the equities market to trade mixed in the coming sessions.