September 18, 2024/InvestmentOneReport

The NGXASI advanced today by 0.56% to close at 98,230.92pts as investors buy interest in GEREGU (+9.52%), FBNH (+6.27%) and OANDO (+6.05%) drove the local equities market into the green zone.

In the fixed income space, the Treasury Bills secondary market closed downwards driven by selloffs observed within the short and mid tenor instruments. Consequently, Average T-Bills yield rose by 9bps to close at 20.45%. Elsewhere, the FGN Bond market traded on a tepid note as the Average FGN Bond yield slightly decreased by 1bp to close at 18.83%.

At the NAFEM window, the Naira appreciated by 7.05% to close at NGN1,539.65/USD. Crude oil price (Brent) decreased by 0.90% to USD73.04pb.

Kindly find below the full Financial Market Report.