May 20, 2025/InvestmentOne Report
The NGXASI advanced by 0.03% today to close at 109,730.47pts, driven by price appreciation in NESTLE (+10.00%), NB (+4.39%) and GTCO (+1.17%) which drove the local equities market into the green zone.
In the fixed income space, the Treasury Bills secondary market traded on a positive note due to demand pressure observed at the long end of the benchmark curve. As a result, Average T-Bills yield declined by 1bp to close at 20.79%. Elsewhere, the FGN Bond market traded on a flattish note as the Average FGN Bond yield remained flat at 19.07%.
At the NFEM window, the Naira closed at NGN1,598.69/USD as of yesterday. Crude oil price (Brent) settled lower by 0.85% to USD64.98pb.
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