September 3, 2024/InvestmentOne Report

The NGXASI advanced today by 0.08% to close at 96,873.74pts due to the positive sentiment on OANDO (+7.63%), STANBIC (+3.60%) and GTCO (+0.88%) drove the market into the green zone.

In the fixed income space, the Treasury Bills secondary market exhibited a bullish performance, reflecting the buying interest amongst investors. Consequently, Average T-Bills yield decreased by 19bps to close at 20.91%. Meanwhile, the FGN Bond market traded on a positive note as the Average FGN Bond yield moderated by 1bp to close at 18.77%.

At the NAFEM window, the Naira weakened by 1.61% to close at NGN1,611.34/USD. Crude oil price (Brent) plummeted by 4.44% to USD74.08pb.

Kindly find below the full Financial Market Report.