NGX Building: Image Credit: NGX

March 5, 2024/InvestmentOne Report

The NGXASI advanced by 0.35% today to close at 99,192.82pts, 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 slightly upwards, as there were minimal increases observed across all tenors, consequently Average T-Bills yield decreased by 1bp to close at 17.20%. Elsewhere, the FGN Bond market traded on a bearish note as the Average FGN Bond yields rose by 6bps to close at 17.31%.

At the NAFEM window, the Naira depreciated by 4.45% to close at NGN 1,602.43/USD. Crude oil price (Brent) increased by 0.06% to USD82.85pb.

Kindly find below the full Financial Market Report.

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