NGXASI Climbs +1.68% Driven by FBNH, GTCO, MTNN

NGX Building: Image Credit: NGX

March 15, 2024/InvestmentOne Report

The NGXASI climbed by 1.68% today to close at 105,805.25pts, as the buy-interest in GTCO (+9.99%), MTNN (+7.98%) and FBNH (+5.71%) 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 13bps to close at 18.61%. Meanwhile, the FGN Bond market traded on a bearish note as the Average FGN Bond yields advanced by 7bps to close at 18.40%.

At the NAFEM window, the Naira appreciated by 0.39% to close at NGN 1,602.75/USD. Crude oil price (Brent) fell by 0.15% to USD85.9pb

Kindly find below the full Financial Market Report.

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