January 10, 2025/InvestmentOne Report

The NGXASI declined by 0.08% today to close at 105,451.06pts as the bearish sentiment seen in FBNH (-2.74%), ZENITHBANK (-1.08%) and ACCESSCORP (-0.81%) drove the local equities market into the negative region.

In the fixed income space, the Treasury Bills secondary market traded on a positive note, driven by the gains observed across all tenors of the curve. As such, Average T-Bills yield fell by 17bps to close at 25.22%. Elsewhere, the FGN Bond market traded on a bearish note as the Average FGN Bond yield rose by 6bps to close at 19.86%.

At the NAFEM window, the Naira declined by 0.12% to close at NGN1,543.03/USD. Crude oil price (Brent) advanced by 2.64% to USD78.95pb.

Kindly find below the full Financial Market Report.