NGXASI Gains +0.32%, Buoyed by Banking, Oil & Gas Counters

Image Credit: govbusinessjournal.com

June 4, 2025/InvestmentOne Report

The NGXASI rose by 0.32% today to close at 112,781.73pts, as the positive sentiment in OANDO (+10.00%), FIRSTHOLDCO (+2.70%) and GTCO (+2.21%) drove the domestic equities market into the positive region.
 
In the fixed income space, the Treasury Bills secondary market traded on a bullish note as yields moved downwards across the curve. Consequently, Average T-Bills yield fell by 3bps to close at 20.71%. Meanwhile, 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 87bps to close at NGN1,565.46/USD today. Crude oil price (Brent) declined by 1.30% to USD64.78pb.
 
Kindly find below the full Financial Market Report.

Leave a Comment

Your email address will not be published. Required fields are marked *

*