NGXASI Advance +0.27%, Buoyed by ACCESS, MTNN, TRANSCORP

NGX Building: Image Credit: NGX

March 28, 2024/InvestmentOne Report

The NGXASI advanced by 0.27% today to close at 104,562.06pts, as appreciation in the share prices of MTNN (+0.91%), TRANSCORP (+4.41%) and ACCESSCORP (+2.08%) buoyed the market into the green zone.

In the Fixed income space, the Treasury Bills secondary market closed flat, as we observed tepid sentiments across the curve. Consequently, Average T-Bills yield remained unchanged to close at 17.66%. However, the FGN Bond market traded on a bearish note as the Average FGN Bond yield increased by 12bps to close at 19.41%.

At the NAFEM window, the Naira weakened by 0.69% to close at NGN 1,309.39/USD. Crude oil price (Brent) edged higher by 1.38% to USD87.28pb.

Kindly find below the full Financial Market Report.

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