— NGXASI stands at +32.81% (YTD); Naira depreciated by 0.31% to close at N1,490.20

June 24, 2024/Futureview Research

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EQUITIES MARKET:

The Nigerian Equities market closed in the negative zone today, as the NGX All-Share Index declined by 44 basis points, closing at 99,304.12 points from 99,743.05 points in the previous session.

The market’s negative performance was primarily driven by selling pressure in stocks such as FBNH (-5.44%), BETAGLAS (-8.62%), GTCO (-1.14%), UBA (-0.23%), ZENITHBANK (-0.14%) and 21 others.

Consequently, the year-to-date return settled to 32.81%. Also, the overall market capitalization closed at N56.16 trillion, as investors lost N248.30 billion.

Market activity for the day was positive as volume and value traded increased by 57.74% and 70.24% to 973.62 million units and N19.32 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 0.31% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,490.20.