—NGXASI stands at +33.52% (YTD); Naira depreciated by 0.02% to close at N1,483.02

June 19, 2024/Futureview Research

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EQUITIES MARKET:

Bears resurfaced in the Nigerian Exchange in today’s trading session, opening the week in the red zone, as the NGX All-Share Index shed 8 basis points by the close of the day, reaching 99,840.95 points from 99,925.29 points in the previous session.

The day’s negative performance was primarily driven by investors profit taking activities in stocks like MTNN (-2.67%), UBA (-1.34%), AIICO (-1.02%), FBNH (-2.65%) and 11 others.

Consequently, the year-to-date return declined to 33.52%. Also, the overall market capitalization decreased by 0.08% to close at N56.48 trillion as investors lost N47.62 billion.

Market activity for the day was positive as volume and value traded increased by 334.92% and 233.02% to 1.38 billion units and N16.48 billion, respectively.

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

CURRENCY MARKET:

The Nigerian Naira depreciated by 0.02% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,483.02.