—NGXASI stands at +33.81% (YTD); Naira appreciated by 0.32% to close at N1,505.30

June 28, 2024/Futureview Research

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EQUITIES MARKET:

Bulls held sway in the domestic bourse today, continuing the winning streak in today’s trading session as the NGX All-Share Index gained 67 basis points, closing at 100,057.49 points from 99,396.23 points in the previous session.

The market’s positive performance was primarily driven by investors interest in stocks such as MTNN (+7.00%), FBNH (+2.82%), GTCO (+1.01%), TRANSCORP (+4.00%), OANDO (+4.53%) and 29 others.

Consequently, the year-to-date return settled to 33.81%. Also, the overall market capitalization closed at N56.60 trillion, as investor’s wealth increased by N374.07 billion.

Market activity for the day was negative as volume and value traded decreased by 3.71% and 5.80% to 509.71 million units and N9.88 billion respectfully.

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

CURRENCY MARKET:

The Nigerian Naira appreciated by 0.32% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,505.30.