—-NGXASI stands at +39.60% (YTD); Naira appreciated by 2.36% to close at N1,453.28

March 21, 2024/Futureview Research

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EQUITIES MARKET:

The Domestic bourse closed up in the Nigerian Exchange as the market closed with a positive momentum to end the day’s trading session in the green zone. The NGX All-Share Index gained 13 basis points by the close of the day, reaching 104,387.47 points compared to the previous session’s 104,256.81 points.

The market’s positive performance was driven by key stocks such as GTCO (+2.94%), UBA (+0.65%), TRANSCORP (9.96%), ZENITHBANK (+3.28%) and 18 additional stocks.

As a result, the year-to-date return increased to 39.60%. Similarly, the overall market capitalization experienced a 0.13% uptick, reaching N59.02 trillion, as investors lost N59.021 billion.

We expect the equities market to trade mixed this week.

CURRENCY MARKET:

The Nigerian Naira appreciated by 2.36% against US Dollar in the NAFEM Window, closing at a rate of ₦1,453.28.