
May 28, 2025/InvestmentOne Report
The NGXASI advanced by 0.27% today to close at 111,902.61pts, as the positive sentiment in MTNN (+1.85%), DANGSUGAR (+4.74%) and NB (+3.58%) drove the domestic bourse into the positive region.
In the fixed income space, the Treasury Bills secondary market remained positive for the third straight day of the week as the positive momentum spread across all tenors of the curve. Consequently, Average T-Bills yield fell by 3bps to close at 20.68%. Similarly, the FGN Bond market traded on a positive note as the Average FGN Bond yield declined by 2bps to close at 18.96%.
At the NFEM window, the Naira depreciated by 0.44% to close at NGN1,590.75/USD yesterday. Crude oil price (Brent) advanced by 2.15% to USD65.47pb.
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