–NGXASI stands at +33.30% (YTD); Naira depreciated by 0.59% to close at N1,563.80

July 12, 2024/Futureview Research

Click here to download the full report.

EQUITIES MARKET:

The local bourse ended the week on a positive note as bulls resurface on the today’s session causing the NGX, All-Share Index to uptick by 20 basis points to close the day at 99,671.28 points.

The market’s positive performance was primarily driven by investor’s interest in stocks such as HONYFLOUR (+8.86%), SEPLAT (+7.18%), PRESCO (+4.18%), FIDELITYBK (+1.91%), GTCO (+0.66%), and 16 others.

Consequently, the year-to-date return settled to 33.30%. Also, the overall market capitalization closed at N56.44 trillion, as investor’s wealth increased by N172.88 billion.

Market activity for the day was positive as volume and value traded increased by 41.84% and 25.20% to 420.90 million units and N6.8 billion.

We expect the equities market to trade mixed in the coming session.

CURRENCY MARKET:

The Nigerian Naira depreciated by 0.59% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,563.80