NGXASI Advance +0.53%, Buoyed by Banking Counters

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April 23, 2025/InvestmentOne Report

The NGXASI advanced by 0.53% today to close at 105,305.25pts, as price appreciation in FIDELITYBK (+8.29%), UBA (+5.91%) and FIRSTHOLDCO (+5.89%) drove the domestic equities market into the green zone.

In the fixed income space, the Treasury Bills secondary market traded on a flattish note as investors shifted focus to the T-Bills primary market auction held today. Consequently, Average T-Bills yield remained unchanged at 21.00%. Conversely, the FGN Bond market traded on a negative note as the Average FGN Bond yield increased by 5bps to close at 19.04%.

At the NFEM window, the Naira appreciated by 0.02% to close at NGN1,602.30/USD. Crude oil price (Brent) settled lower by 2.28% to USD65.90pb.

Kindly find below the full Financial Market Report.

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