UBA, FBNH, Nigerian Breweries Buoy NGXASI to +0.02% Gain

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

February 26, 2025/InvestmentOne Report

The NGXASI advanced by 0.02% today to close at 107,798.99pts, as the gains recorded in NB (+4.16%), FBNH (+1.69%) and UBA (+0.82%) drove the domestic bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market traded on a positive note, largely due to buy pressure across the benchmark curve. As such, Average T-Bills yield moderated by 2bps to close at 19.93%. Likewise, the FGN Bond market closed positive as the Average FGN Bond yield slumped by 23bps to close at 18.86%.

According to the FMDQ FX closing rate, the Naira appreciated by 0.16% to close at NGN1,499.08/USD. Crude oil price (Brent) settled lower by 0.31% to USD72.79pb.

Kindly find below the full Financial Market Report.

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