January 8, 2025/InvestmentOne Report

The NGXASI advanced by 0.80% today to close at 104,230.73pts as bullish sentiment observed in MTNN (+10.00%), TRANSCORP (+10.00%) and FBNH (+6.61%) drove the local bourse into the positive region.

In the fixed income space, the Treasury Bills secondary market traded on a positive note, following optimism seen across the curve. As such, Average T-Bills yield declined by 6bps to close at 25.35%. 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 NAFEM window, the Naira declined by 0.30% to close at NGN1,541.70/USD. Crude oil price (Brent) fell by 1.22% to USD76.11pb.

Kindly find below the full Financial Market Report.