September 20, 2024/InvestmentOne Report

The NGXASI advanced today by 0.20% to close at 98,247.99pts as investors increased their stakes in FIDELITYBK (+9.68%), MTNN (+4.06%) and GTCO (+2.70%) which drove the Nigerian bourse into the positive territory.

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 9ps to close at 20.79%. Similarly, the FGN Bond market traded on a bearish note as the Average FGN Bond yield increased by 7bp to close at 18.66%.

At the NAFEM window, the Naira appreciated by 0.28% to close at NGN1,541.52/USD. Crude oil price (Brent) declined by 0.56% to USD74.46pb.

Kindly find below the full Financial Market Report.