June 20, 2024/InvestmentOne Report
The NGXASI closed flat today to close at 99,843.06pts, as the gains recorded in GTCO (+4.42%), TRANSCORP (+6.19%) and GUINNESS (+5.66%) offset the losses in TRANSCOHOT (-10.00%), FIDELITYBK (-4.15%) and FBNH (-0.45%).
In the fixed income space, the Treasury Bills secondary market traded on a negative note, as we observed selloffs at the short and long end of the curve. Consequently, Average T-Bills yield rose by 10bps to close at 21.95%. Similarly, the FGN Bond market traded on a bearish note as the Average FGN Bond yield increased by 6bps to close at 18.83%.
At the NAFEM window, the Naira depreciated by 0.16% to close at NGN1,485.36/USD. Crude oil price (Brent) inched higher by 0.34% to USD85.36pb.
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