January 17, 2025/InvestmentOne Report

The NGXASI advanced by 0.17% today to close at 102,353.68pts as the bullish sentiments witnessed in OANDO (+9.28%), INTBREW (+5.88%) and NB (+2.74%) drove the local bourse into the green.

In the fixed income space, the Treasury Bills secondary market traded on a negative note, driven by the selloffs observed on the short end tenor of the curve. As such, Average T-Bills yield rose by 3bps to close at 25.21%. Similarly, the FGN Bond market traded on a bearish note as the Average FGN Bond yield rose by 3bps to close at 20.07%.

At the NAFEM window, the Naira gained by 0.06% to close at NGN1,547.58/USD. Crude oil price (Brent) fell by 0.78% to USD80.66pb.

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