December 19, 2024/InvestmentOne Report

The NGXASI surged by 0.77% today to close at 101,248.02pts, as bullish sentiments observed in TRANSCOHOT (+9.43%), NB (+7.14%) and GTCO (+1.98%) drove the local bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market closed on a positive note today, largely due to the downwards momentum seen across all tenors. As such, Average T-Bills yield fell by 2bps to close at 25.62%. Meanwhile, the FGN Bond market traded on a bearish note as the Average FGN Bond yield shot up by 4bps to close at 19.73%.

At the NFEM window, the Naira appreciated by 0.32% to close at NGN1,540.00/USD. Crude oil price (Brent) shrank by 0.52% to USD73.01pb.

Kindly find below the full Financial Market Report.