FMDQ secondary market posts N19.7tr turnover in July

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FMDQ secondary market posts N19.7tr turnover in July ⚠️

The figure represents a month-on-month increase of 8.54 per cent and a year-on-year increase of 16.45 per cent from turnover posted in July 2021 respectively.

Furthermore, the naira depreciated against the dollar in the forex market, with the exchange rate increasing by 1.43 per cent to close at an average of $/₦427.01 in July 2022 from $/₦420.98 recorded in June 2022, trading within a range of $/₦424.17 – $/₦431.00. In summary, the Nigerian Exchange Limited All-Share Index grew by 120.48 absolute points, representing a rise of 0.25 per cent, to close at 48,675.24 points. Similarly, the overall market capitalisation value gained N65 billion to close at N26.254 trillion

“We expect mixed sentiments to continue in the following trading days, as more companies release their Q2 results.” On the other hand, Fidson Healthcare led the losers’ chart by 9.80 per cent to close at N9.11, per share. FTN Cocoa processors followed with a decline of 9.09 per cent to close at 30 kobo, while Unity Bank lost 2.33 per cent to close at 42 kobo.

 

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