December 4, 2024/InvestmentOne Report

The NGXASI advanced by 0.48% today to close at 98,174.99pts, as gains in WAPCO (+7.56%), SEPLAT (+7.55%) and ACCESSCORP (+2.08%) drove the domestic bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market traded on a positive note, largely due to buy pressure across the benchmark curve. As such, Average T-Bills yield declined by 4bps to close at 25.37%. Meanwhile, the FGN Bond market closed negative as the Average FGN Bond yield increased by 2bps to close at 19.48%.

At the NAFEM window, the Naira remained unchanged to close at NGN1,672.69/USD. Crude oil price (Brent) settled lower by 0.07% to USD73.57pb.

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