Bulls Rebound as NGXASI Up by 32bps, Investors Gain N187.24Bn

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—–NGXASI stands at +39.47% (YTD); Naira appreciated by 5.97% to close at N1,300.43

March 27, 2024/Futureview Research

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Bulls rebounded in the domestic bourse as the market overturned the week’s negative trading to close in the green region today. The NGX All-Share Index gained 32 basis points by the close of the day, reaching 104,283.64 points compared to the previous session’s 103,952.47 points.

The market’s positive performance was driven by investors’ interest in major stocks such as GTCO (+5.69%) ACCESSCORP (+3.90%), NB (+0.18%), UBA (+4.32%), ZENITHBANK (+8.78%) and 25 additional stocks.

As a result, the year-to-date return increased to 39.47%. Consequently, the overall market capitalization experienced a 0.32% uptick, reaching N58.96 trillion, as investors’ wealth grew by N187.24 billion.

Market activity for the day was positive as volume and value traded increased by 33.46% and 9.92% to 499.71 million units and N12.41 billion, respectively.

We expect the equities market to trade mixed this week.


The Nigerian Naira appreciated by 5.97% against US Dollar in the NAFEM Window, closing at a rate of ₦1,300.43.

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