NGXASI Advance +0.13% on Buy Interest in BUACEMENT, TRANSCORP

NGX Building: Image Credit: NGX

March 21, 2024/InvestmentOne Report

The NGXASI advanced by 0.13% today to close at 104,387.47pts, as investors buy interest in BUACEMENT (+1.56%), TRANSCORP (+9.96%) and ZENITHBANK (+3.82%) buoyed the market into the green zone.

In5 the Fixed income space, the Treasury Bills secondary market closed flat, as we observed tepid buy pressure on the short and mid tenor instruments. As a result, Average T-Bills yield remained unchanged to close at 17.33%. However, the FGN Bond market traded on a bearish note as the Average FGN Bond yield rose by 29bps to close at 19.23%.

At the NAFEM window, the Naira strengthened by 2.63% to close at NGN 1,453.28/USD. Crude oil price (Brent) fell by 0.81% to USD85.25pb.

Kindly find below the full Financial Market Report.

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