NGXASI Gains +0.37%, Driven by Bellwether Counters

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June 3, 2025/InvestmentOne Report

The NGXASI advanced by 0.37% today to close at 112,427.48pts, as the positive sentiment in FIRSTHOLDCO (+8.82%), DANGCEM (+2.27%) and GTCO (+2.10%) drove the domestic bourse into the green region.
 
In the fixed income space, the Treasury Bills secondary market traded on a mixed note as yields mildly moved towards different directions across the curve. Consequently, Average T-Bills yield remained stable at 20.74%. Similarly, the FGN Bond market traded on a tepid note as the Average FGN Bond yield remained constant to close at 18.86%.
 
At the NFEM window, the Naira advanced by 15bps to close at NGN1,579.28/USD today. Crude oil price (Brent) advanced by 1.66% to USD65.70pb.
 
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