January 9, 2025/InvestmentOne Report

The NGXASI advanced by 1.25% today to close at 105,530.74pts as bullish sentiment observed in MTNN (+10.00%), TRANSCOHOT (+9.78%) and ZENITHBANK (+4.49%) drove the local bourse into the positive region.

In the fixed income space, the Treasury Bills secondary market traded on a negative note, driven by the selloffs observed within the mid end of the curve. As such, Average T-Bills yield advanced by 4bps to close at 25.39%. Similarly, the FGN Bond market traded on a bearish note as the Average FGN Bond yield rose by 2bps to close at 19.80%.

At the NAFEM window, the Naira advanced by 0.03% to close at NGN1,541.23/USD. Crude oil price (Brent) fell by 1.02% to USD76.94pb.

Kindly find below the full Financial Market Report.