September 24, 2024/InvestmentOne Report

The NGXASI advanced today by 0.18% to close at 98,568.59pts as investors increased their stakes in FBNH (+9.93%), FIDELITYBK(+9.70%) and UBA (+25.40%) which drove the Nigerian bourse into the positive territory.

In the fixed income space, the Treasury Bills secondary market closed slightly positive driven by the tepid rise observed within the long tenor instruments. Consequently, Average T-Bills yield fell by 1bp to close at 20.74%. Similarly, the FGN Bond market traded on a bullish note as the Average FGN Bond yield decreased by 2bps to close at 18.68%.

At the NAFEM window, the Naira depreciated by 6.13% to close at NGN1,658.48/USD. Crude oil price (Brent) advanced by 1.56% to USD75.05pb.

Kindly find below the full Financial Market Report.