NGXASI Climbs +0.47% on Buy Interest in ETI, GTCO, MTNN

NGX Building: Image Credit: NGX

March 13, 2024/InvestmentOne Report

The NGXASI climbed by 0.47% today to close at 104,007.31pts, as the buy-interest in ETI (+10.00%), GTCO (+3.26%) and MTNN (+2.26%) drove the market into the green zone.

In the Fixed income space, the Treasury Bills secondary market closed bullish, as there were buy ins observed across the long tenors of the curve, consequently Average T-Bills yield fell by 1bp to close at 18.78%. Meanwhile, the FGN Bond market traded on a bearish note as well, the Average FGN Bond yields advanced by 2bps to close at 18.06%.

At the NAFEM window, the Naira depreciated by 0.78% to close at NGN 1,615.93/USD. Crude oil price (Brent) increased by 2.70% to USD84.13pb.

Kindly find below the full Financial Market Report.

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