January 6, 2025/InvestmentOne Report

The NGXASI advanced by 0.06% today to close at 103,648.24pts as gains in FBNH (+3.40%), TRANSCORP (+1.15%) and ACCESSCORP (+2.04%) 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 seen on the shorter end of the curve. As such, Average T-Bills yield declined by 5bps to close at 25.41%. Meanwhile, the FGN Bond market traded on a flat note as the Average FGN Bond yield remained unchanged to close at 19.78%.

At the NFEM window, the Naira depreciated by 0.10% to close at NGN1,536.38/USD. Crude oil price (Brent) edged higher by 0.37% to USD76.79pb.

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