Bullish Kickoff to the Week as NGXASI Up by 58 bps, Investors Gain N323.98B

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—NGXASI stands at +33.46% (YTD); Naira appreciated by 0.02% to close at N1,483.62

June 4, 2024/Futureview Research

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There was a bullish kickoff in the Domestic bourse as the benchmark All-Share Index (NGXASI) appreciated by 0.58% to close at 99,793.71 points from 99,221.14 points in the previous session.

The day’s positive performance was primarily driven by investor’s interest in stocks like, FLOURMILL (+10.00%), TOTAL (+9.98%), ACCESSCORP (+9.86%), NB (+2.38%), GTCO (+0.13%), FIDELITYBK (+6.52%) and 24 others.

Consequently, the year-to-date return rose to 33.46%. Similarly, the overall market capitalization increased by 0.58% to close at N56.45 trillion as investors gained N323.98 billion.

Market activity for the day was positive as volume and value traded increased by 148.33% and 83.55% to 963.54 million units and N13.50 billion, respectively.

We expect the market to trade mixed amidst investors profit taking actions in the subsequent trading sessions.


The Nigerian Naira appreciated by 0.02% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,483.62.

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