January 20, 2025/InvestmentOne Report

The NGXASI rose marginally by 0.02% today to close at 102,370.36pts as the bargain hunting in TRANSCORP (+3.30%), OANDO (+3.06%) and FIDELITYBK (+3.41%) propelled the Nigerian equities market into the positive territory.

In the fixed income space, the Treasury Bills secondary market traded on a bullish note on the back of the buying interest noticed across the curve. Consequently, Average T-Bills yield declined by 5bps to close at 25.16%. However, the FGN Bond market traded on a negative note as the Average FGN Bond yield inched up by 1bp to close at 20.08%.

According to the FMDQ FX closing rate, the Naira weakened by 0.16% to close at NGN1,550.05/USD. Crude oil price (Brent) contracted by 1.57% to USD79.52pb.

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