—NGXASI stands at +33.69% (YTD); Naira depreciated by 0.86% to close at N1,577.29

July 15, 2024/Futureview Research

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EQUITIES MARKET:

The equities market extended its winning streak from previous session causing the NGX, All-Share Index to uptick by 30 basis points to close the day at 99,966.28 points.

The market’s positive performance was primarily driven by investor’s interest in stocks such as ZENITBANK (+5.26%), PRESCO (+3.79%), TRANSCORP (+2.56%), FBNH (+1.57%), MTNN (+1.50%), ACCESSCORP (+0.79%), DANGSUGAR (+0.48%), UBA (+0.44%), GTCO (+0.22%) and 20 others.

Consequently, the year-to-date return settled to 33.69%. Also, the overall market capitalization closed at N56.61 trillion, as investor’s wealth increased by N167.10 billion.

Market activity for the day was mixed as volume traded decreased by 13.89% to 362.43 million units while value traded increased by 8.02% to N7.37 billion.

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

CURRENCY MARKET:

The Nigerian Naira depreciated by 0.86% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,577.29