NGXASI Dips -0.14% on Losses in TRANSCOHOT, MTNN

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May 23, 2025/InvestmentOne Report

The NGXASI declined by 0.14% today to close at 109,028.62pts, as losses in TRANSCOHOT (-9.95%), NB (-5.10%) and MTNN (-1.82%) drove the domestic bourse into the red terrain.
 
In the fixed income space, the Treasury Bills secondary market traded on a bearish note mostly due to selloffs at the long end of the benchmark curve. Consequently, Average T-Bills yield rose by 7bps to close at 20.79%. Elsewhere, the FGN Bond market traded on a quiet note as the Average FGN Bond yield remained flat to close at 18.99%.
 
At the NFEM window, the Naira appreciated by 0.28% to close at NGN1,580.44/USD yesterday. Crude oil price (Brent) edged higher by 0.45% to USD64.73pb.
 
Kindly find below the full Financial Market Report.

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