The Nigerian stock market concluded the trading day on a positive note, with particular attention from investors on the banking sector.
The NGX All-Share Index (NGXASI) closed at 67,133.19 points, marking a 5-basis point increase compared to the previous day’s closing level of 67,100.49 points.
The upbeat performance was primarily attributed to the upward movement of significant stocks, including Access Corporation (0.32%), Fidelity Bank (0.61%), United Bank for Africa (1.45%), Zenith Bank (1.27%), and 18 other stocks, all contributing to the overall positive market trend.
Consequently, the year-to-date return reached 30.99%, and the market capitalization experienced a 0.05% uptick, closing at N36.88 trillion. This increase translated to a combined wealth growth of N17.97 billion for investors.
We expect the market to close bullish this week
CURRENCY MARKET:
The Nigerian Naira appreciated by 2.27% against the US Dollar in the I&E Window, closing at a rate of N759.20/USD.
