NGXASI Advance +0.10%, Driven by BUACEMENT, GEREGU, TRANSCORP

NGX Building: Image Credit: NGX

March 4, 2024/InvestmentOne Report

The NGXASI advanced by 0.10% today to close at 98,847.89pts, as the buy-interest in BUACEMENT (+4.44%), TRANSCORP (+9.94%) and GEREGU (+2.35%) drove the market into the green zone.

In the Fixed income space, the Treasury Bills secondary market closed up, as bullish sentiment was observed on across all tenors, consequently Average T-Bills yield decreased by 3bps to close at 17.21%. Similarly, the FGN Bond market traded on a flattish note as the Average FGN Bond yields remained unchanged to close at 17.25%.

At the NAFEM window, the Naira appreciated by 0.91% to close at NGN 1,534.19/USD. Crude oil price (Brent) fell by 0.69% to USD82.97pb.

Kindly find below the full Financial Market Report.

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