—NGXASI stands at +33.53% (YTD); Naira depreciated by 0.16% to close at N1,485.36

June 20, 2024/Futureview Research

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EQUITIES MARKET:

The Nigerian Equities market closed flat today as the NGX All-Share Index recorded minimal upturn, closing at 99,842.94 points from 99,840.95 points in the previous session.

The market’s performance was primarily driven by gains in TRANSCORP (+6.19%), GTCO (+4.42%), UBA (+0.68%), and 33 others, offsetting selling pressure in stocks such as, TRANSCOHOT (-10.00%), FIDELITYBK (-4.15%), FLOURMILL (-1.40%), FBNH (-0.45%), OANDO (-0.33%), ZENITHBANK (- 0.14%), and 29 others.

Consequently, the year-to-date return settled to 33.53%. Also, the overall market capitalization remained unchanged, to close at N56.48 trillion as investors gained slightly; N0.99 billion.

Market activity for the day was mixed  as volume traded decreased by 6.04% to 1.30 billion units while value traded increased by 53.64% to N25.33 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 0.16% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,485.36