December 16, 2024/InvestmentOne Report

The NGXASI advanced by 0.55% today to close at 99,922.63pts, as positive sentiment observed in OANDO (+5.88%), FBNH (+1.89%) and TRANSCORP (+0.69%) drove the local bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market closed positive today, largely due to the downwards momentum seen across all the tenors. As such, Average T-Bills yield fell by 5bps to close at 25.65%. Meanwhile, the FGN Bond market traded on a bearish note as the Average FGN Bond yield climbed higher by 1bp to close at 19.54%.

At the NAFEM window, the Naira weakened by 0.79% to close at NGN1,545.10/USD. Crude oil price (Brent) slumped by 0.54% to USD74.09pb.

Kindly find below the full Financial Market Report.