January 21, 2025/InvestmentOne Report

The NGXASI advanced by 0.75% today to close at 103,317.99pts, driven by the gains recorded in MTNN (+10.00%), TRANSCORP (+3.09%) and GTCO (+1.72%) which pushed the local bourse into the green.

In the fixed income space, the Treasury Bills secondary market exhibited a slightly positive performance as yields declined on short and long tenor instruments. Overall, Average T-Bills yield moderated by 2bps to close at 25.14%. Conversely, the FGN Bond market traded on a bearish note as the Average FGN Bond yield rose by 34bps to close at 20.42%.

According to the FMDQ FX closing rate, the Naira depreciated by 0.18% to close at NGN1,552.78/USD. Crude oil price (Brent) decreased by 1.20% to USD79.19pb.

Kindly find below the full Financial Market Report.