December 5, 2024/InvestmentOne Report

The NGXASI declined by 0.06% today to close at 98,114.11pts, as profit taking in the shares of WAPCO (-2.05%), ACCESSCORP (-1.84%) and ZENITHBANK (-1.68%) drove the domestic bourse into the red zone.

In the fixed income space, the Treasury Bills secondary market traded on a negative note, largely due to selloffs observed across the benchmark curve. As such, Average T-Bills yield increased by 33bps to close at 25.70%. Meanwhile, the FGN Bond market closed flat as the Average FGN Bond yield held steady at 19.48%.

At the NAFEM window, the Naira remained unchanged to close at NGN1,672.69/USD. Crude oil price (Brent) edged higher by 0.30% to USD72.53pb.

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