Bulls Hold Sway as NGXASI Up by 9 bps, Investors Gain N52.63Bn

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—NGXASI stands at +33.64% (YTD); Naira depreciated by 0.44% to close at N1,482.72

June 14, 2024/Futureview Research

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Bulls held sway in the domestic bourse in today’s trading Session, extending its’ positive close as the NGX All-Share Index gained 9 basis points by the close of the day, reaching 99,925.29 points from 99,832.25 points in the previous session.

The day’s positive performance was primarily driven by investors interest in stocks like FIDELITYBK (+4.17%), FLOURMILL (+2.87%), GTCO (+0.36%), NESTLE (+1.65%), OANDO (+1.33%), PRESCO (+6.75%), and 26 others.

Consequently, the year-to-date return rose to 33.64%. Also, the overall market capitalization increased by 0.09% to close at N52.63 trillion as investors gained N52.63 billion.

Market activity for the day was negative as volume and value traded decreased by 36.71% and 42.79% to 318.10 million units and N4.95 billion, respectively.

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


The Nigerian Naira depreciated by 0.44% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,482.72

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