NGXASI Gains +0.14% to Close Session, Buoyed by Blue Chips

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February 28, 2025/InvestmentOne Report

The NGXASI advanced by 0.14% today to close at 107,821.39pts, as bargain hunting in OANDO (+9.94%), PZ (+9.09%) and TRANSCORP (+1.42%) drove the domestic bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market traded on a bullish note, largely due to buy pressure seen across the benchmark curve. As such, Average T-Bills yield moderated by 2bps to close at 19.89%. Likewise, the FGN Bond market closed bullish as the Average FGN Bond yield fell by 9bps to close at 18.53%.

According to the FMDQ FX closing rate, the Naira depreciated by 0.12% to close at NGN1,500.15/USD. Crude oil price (Brent) edged higher by 1.18% to USD73.17pb.

Kindly find below the full Financial Market Report.

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