Market Closes Red as NGXASI Down by 10 bps, Investors Loss N56.45B

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NGXASI stands at +33.39% (YTD); Naira depreciated by 0.01% to close at N1,485.53

June 21, 2024/Futureview Research

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The Nigerian Equities market closed in the red today, as the NGX All-Share Index declined by 10 basis points, closing at 99,743.05 points from 99,842.94 points in the previous session.

The market’s negative performance was primarily driven by selling pressure in stocks such as FBNH (-3.42%), GTCO (-2.00%), ZENITHBANK (- 0.14%), FIDELITYBK (-4.81%), NESTLE (-0.55%) and 21 others.

Consequently, the year-to-date return settled to 33.39%. Also, the overall market capitalization closed at N56.42 trillion, as investors lost N56.45 billion.

Market activity for the day was negative as volume and value traded decreased by 52.52% and 55.20% to 617.22 million units and N11.35 billion, respectively.

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


The Nigerian Naira depreciated by 0.01% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,485.53.

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