
June 13, 2024/InvestmentOne Report
The NGXASI advanced by 0.20% today to close at 99,832.25pts, as the bullish sentiment on UBA (+6.24%), ZENITHBANK (+2.86%) and NB (+10.00%) propelled the market into the green zone.
In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note, as yields fell across the curve. Consequently, Average T-Bills yield declined by 2bps to close at 21.91%. Elsewhere, the FGN Bond market traded on a quiet note as the Average FGN Bond yield remained unchanged at 18.75%.
At the NAFEM window, the Naira weakened by 0.18% to close at NGN 1,476.24/USD. Crude oil price (Brent) contracted by 0.10% to USD82.52pb.
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