— NGXASI stands at +34.41% (YTD); Naira appreciated by 0.94% to close at N1,566.82

July 18, 2024/Futureview Research

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EQUITIES MARKET:

Bulls re-emerged in the Nigerian Equities market at the end of the session today, propelling the day’s session to end in the green zone as the NGX All-Share Index gained 47 basis point, closing at 100,503.21 points from 100,032.32 points in the previous session.

The market’s positive performance was primarily driven by investor’s interest in stocks such as OANDO (+9.76%), AIRTELAFRI (+4.76%), CUSTODIAN (+1.59%), ACCESSCORP (+0.26%), and 20 others.

Consequently, the year-to-date return settled to 34.41%. Also, the overall market capitalization closed at N56.91 trillion, as investor’s wealth increased by N262.82 billion.

Market activity for the day was negative as volume and value traded decreased by 64.27% and 17.30% to 392.80 million units and N8.33 billion respectively.

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

CURRENCY MARKET:

The Nigerian Naira appreciated by 0.94% against the US Dollar in the NAFEM Window, closing at a rate of ₦1,566.82