NGXASI Advance +0.09%, Driven by Bellwether Counters

NGX Building: Image Credit: NGX

June 14, 2024/InvestmentOne Report

The NGXASI advanced by 0.09% today to close at 99,925.88pts, as the gains recorded in WAPCO (+5.59%), PRESCO (+6.75%) and TRANSCORP (+4.29%) drove the market into the positive territory.

In the fixed income space, the Treasury Bills secondary market traded on a mixed note, as yields closed in different directions across the curve. However, Average T-Bills yield remained unchanged at 21.91%. Elsewhere, the FGN Bond market traded on a slightly negative note as the Average FGN Bond yield rose by 1bp to close at 18.76%.

At the NAFEM window, the Naira depreciated by 0.44% to close at NGN1,482.72/USD. Crude oil price (Brent) inched up by 0.01% to USD82.76pb.

Kindly find below the full Financial Market Report.

Leave a Comment

Your email address will not be published.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