NGXASI Advance +0.09%, Driven by ETI, FBNH, WAPCO

NGX Building: Image Credit: NGX

June 7, 2024/InvestmentOne Report

The NGXASI advanced by 0.09% today to close at 99,222.33pts, as the offers received in ETI (+8.41%), WAPCO (+2.42%) and FBNH (+1.10%) drove the equities market into the green region.

In the fixed income space, the Treasury Bills secondary market was bullish at today’s close, as yields fell across all tenors. Consequently, Average T-Bills yield declined by 3bps to close at 22.00%. Elsewhere, the FGN Bond market traded on a flattish note as the Average FGN Bond yield remained constant to close at 18.73%.

At the NAFEM window, the Naira depreciated by 0.17% to close at NGN 1,483.99/USD. Crude oil price (Brent) declined by 0.40% to USD79.55pb.

Kindly find below the full Financial Market Report.

Leave a Comment

Your email address will not be published. Required fields are marked *