January 3, 2025/InvestmentOne Report

The NGXASI advanced by 0.39% today to close at 103,586.38pts as gains in WAPCO (+2.51%), UBA (+2.50%) and ZENITHBANK (+1.42%) drove the local bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market traded on a positive note, following buy pressure observed across the benchmark curve. As such, Average T-Bills yield declined by 5bps to close at 25.46%. Meanwhile, the FGN Bond market traded on a negative note as the Average FGN Bond yield increased by 2bps to close at 19.78%.

At the NFEM window, the Naira appreciated by 0.23% to close at NGN1,535.00/USD. Crude oil price (Brent) edged higher by 0.47% to USD76.29pb.

Kindly find below the full Financial Market Report.