The Nigerian equities market sustained its positive momentum from the previous day’s trading sessions as The NGX All-Share Index experienced an uptick of 40 basis points, settling the day at 99,591.64 from 99,190.46 previous session.
The market upward trend was primarily propelled by significant interest in Transnational Corporation of Nigeria (+9.99%), FirstBank Nigeria Holdings (+9.95%), Transnational Power (+9.96%%) and 15 additional stocks.
Consequently, the year-to-date return increased to 33.19%. Similarly, the overall market capitalization increased by 0.40% to N56.31 trillion as investors’ fortune grew by N226.83 billion.
Market activity for the day was mixed as volume traded increased by 4.61% to 416.48 million units while value traded declined by 38.63% to N19.51 billion, respectively.
We expect the equities market to trade mixed this week.
CURRENCY MARKET:
The Nigerian Naira depreciated by 0.21% against US Dollar in the NAFEM Window, closing at a rate of ₦1,605.74.
