The Nigerian Equities Market extended the previous day’s positive outing to close the fourth trading session of the week in the green region, amidst improved turnover. As the benchmark NGXASI inched up by 11bps to close at 71,365.25 points from 71,284.56 points in the previous session.
The day’s positive performance was primarily driven by investors buying interest in Airtel Africa (+0.56%), Access Corporation (+0.56%), Guaranty Trust Holding Company (+1.43%), First Bank Nigeria Holdings (+0.92%), Transnational Corporation of Nigeria (+2.20%) and 22 other stocks which kept the All-Share-Index in the positive terrain.
Consequently, the year-to-date returns surged to 39.25%, while the overall market capitalization increased by 11 basis points as investors fortunes increased by N44.16 billion.
Market activity for the day was positive as value and volume traded increased by 54.95% and 49.77% to reach N10.24 trillion, and 540.09 million units, respectively.
We expect the market to sustain the positive trend amid improved investors sentiment.
CURRENCY MARKET:
The Nigerian Naira depreciated by 0.10% against the US Dollar in the NAFEM Window, closing at a rate of N832.32/USD.
