January 23, 2024/InvestmentOne Report

The NGXASI advanced by 2.97% today to close at 98,616.97pts, as investors positive sentiment on DANGCEM (+9.99%), BUACEMENT (+10.00%) and BUAFOODS (+7.25%) propelled the market into the green territory.

In the Fixed income space, the Treasury Bills secondary market closed downwards, driven by the bearish performance seen across the curve, as Average T-Bills yield rose by 31bps to 4.18%. Likewise, the FGN Bond market closed down as the Average FGN Bond yield rose marginally by 3bp to close at 13.58%.

At the NAFEM window, the Naira appreciated by 5.32% to close at NGN878.61/USD. Crude oil price (Brent) inched up by 0.06% to USD80.11pb.

Kindly find below the full Financial Market Report.