NGXASI Gains +0.73%, Driven by Bellwether Counters

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April 24, 2025/InvestmentOne Report

The NGXASI advanced by 0.73% today to close at 106,074.26pts, as gains in WAPCO (+10.00%), NESTLE (+10.00%) and MTNN (+2.51%) drove the domestic equities market into the green zone.

In the fixed income space, the Treasury Bills secondary market traded positive as investors unmet demand at the T-Bills primary market auction filtered into the secondary market. Consequently, Average T-Bills yield declined by 19bps to close at 20.82%. Likewise, the FGN Bond market traded on a positive note as the Average FGN Bond yield declined by 1bp to close at 19.03%.

At the NFEM window, the Naira appreciated by 0.03% to close at NGN1,601.82/USD. Crude oil price (Brent) ticked higher by 0.18% to USD66.24pb.

Kindly find below the full Financial Market Report.

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