
January 13, 2025/InvestmentOne Report
The NGXASI declined by 0.08% today to close at 105,367.25pts as the bearish sentiment seen in UNILEVER (-8.33%), FBNH (-5.63%) and TRANSCORP (-3.88%) drove the local equities market into the negative region.
In the fixed income space, the Treasury Bills secondary market traded on a negative note, driven by the losses observed on the long end of the curve. As such, Average T-Bills yield rose by 2bps to close at 25.24%. In line, the FGN Bond market traded on a bearish note as the Average FGN Bond yield rose by 6bps to close at 19.92%.
At the NAFEM window, the Naira declined by 0.38% to close at NGN1,548.89/USD. Crude oil price (Brent) advanced by 2.07% to USD81.41pb.
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