…NGX ASI advanced by 0.2% to close at 100,299.48 points.
…Naira down 21bps to US dollar at NAFEM
WED JULY 03 2024-theGBJournal| Nigerian stocks sustained the previous session’s gains following demand for FBNH (+4.6%), GTCO (+2.6%), STANBIC (+4.4%) and WAPCO (+4.3%) today.
Consequently, the NGX ASI advanced by 0.2% to close at 100,299.48 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +0.2% and +34.1%, respectively.
The total volume of trades declined by 6.4% to 342.20 million units, valued at N4.75 billion, and exchanged in 7,592 deals.
FIDELITYBK was the most traded stock by volume and value at 137.64 million units and N1.42 billion, respectively.
On sectors, the Insurance (+2.7%), Banking (+1.7%) and Industrial Goods (+0.2%) indices posted gains, while the Consumer Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was positive (1.5x), as 28 tickers gained relative to 19 losers. CORNERST (+9.6%) and RTBRISCOE (+9.4%) topped the gainers’ list, while UPL (-10.0%) and DAARCOMM (-5.9%) recorded the highest losses of the day.
The naira depreciated by 21bps to N1,512.61/US$ in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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