—NGXASI stands at +33.12% (YTD); Naira depreciated by 1.38% to close at N1,169.99

April 19, 2024/Futureview Research

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EQUITIES MARKET:

The domestic bourse sustained its bearish tone today, to close the week’s trading in the red. The NGX All-Share Index shed 31 basis points by the close of the day, reaching 99,539.75 points compared to the previous session’s 99,845.91 points.

The market’s negative performance was primarily driven by profit taking in stocks such as ACCESSCORP (-1.45%), GTCO (-2.47%%), FBNH (-9.83%), ZENITHBANK (-1.39%) and 16 others.

As a result, the year-to-date return settled at 33.12%. Consequently, the overall market capitalization experienced a 0.31% decline, reaching N56.29 trillion, as investors’ wealth declined by N173.16 billion.

Market activity for the day was negative as volume and value traded declined by 9.81% and 2.60% to 257.86 million units and N5.39 billion, respectively.

CURRENCY MARKET:

The Nigerian Naira depreciated by 1.38% against US Dollar in the NAFEM Window, closing at a rate of ₦1,169.99.