February 15, 2024/InvestmentOne Report

The NGXASI advanced by 0.58% today to close at 104,100.00pts, as optimism grew around GEREGU (+6.47%), BUACEMENT (+5.87%) and BUAFOODS (+1.56%) pushing the market into the positive region.

In the Fixed income space, the Treasury Bills secondary market closed bullish, largely driven by buy-ins across all tenors, as Average T-Bills yield fell by 20bps to 15.03%. Meanwhile, the FGN Bond market closed negative as the Average FGN Bond yields climbed by 25bps to close at 16.10%.

At the NAFEM window, the Naira appreciated by 0.34% to close at NGN1,498.25/USD. Crude oil price (Brent) trended downwards by 1.90% to USD83.15pb.

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