December 10, 2024/InvestmentOne Report

The NGXASI advanced by 0.10% today to close at 98,206.97pts, as the positive sentiment observed in MTNN (+3.47%), CONOIL (+7.02%) and NESTLE (+1.18%) drove the local equities market into the green zone.

In the fixed income space, the Treasury Bills secondary market traded in an upward trajectory, largely due to buy-ins observed across all tenor instruments. As such, Average T-Bills yield fell by 6bps to close at 25.64%. Meanwhile, the FGN Bond market closed on a flattish note as the Average FGN Bond yield remained unchanged to close at 19.48%.

At the NAFEM window, the Naira strengthened by 0.88% to close at NGN1,525.00/USD. Crude oil price (Brent) rose by 0.55% to USD72.54pb.

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