
May 3, 2024/InvestmentOne Report
The NGXASI advanced by 0.83% today to close at 99,587.25pts, as the buy-interest observed in MTNN (+2.38%), GTCO (+8.86%) and FBNH (+8.00%) drove the equities market into the green zone.
In the fixed income space, the Treasury Bills secondary market was bullish today, as there was optimism across all tenor instruments. As a result, Average T-Bills yield decreased by 15bps to close at 22.26%. Similarly, the FGN Bond market traded on a slightly positive note, as the Average FGN Bond yield declined by 11bps to close at 18.81%.
At the NAFEM window, the Naira appreciated by 0.16% to close at NGN 1,400.40/USD. Crude oil price (Brent) fell by 0.50% to USD83.25pb.
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