——NGXASI stands at +39.16% (YTD)

March 14, 2024/Futureview Research

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EQUITIES MARKET:

The domestic bourse extended its bullish momentum as it ended the day’s trading in the green zone. The NGX All-Share Index gained 5 basis points by the close of the day, reaching 104,056.21 points compared to the previous session’s 104,007.36 points.

The market’s positive performance was driven by price appreciation in key stocks such as ACCESSCORP (+1.52%), FBNH (+4.32%), ETI (+4.55%), GUINNESS (+3.37%) and 15 additional stocks.

As a result, the year-to-date return increased to 39.16%. Similarly, the overall market capitalization experienced a 0.05% uptick, reaching N58.83 trillion, as investors saw their wealth grow by N27.74 billion.

Market activity for the day was negative as volume and value traded declined by 30.78% and 18.76% to 226.31 million units and N7.41 billion, respectively.

We expect the market to sustain its bullish trend this week.