NGXASI Surge +1.63%, Buoyed by Blue Chips

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June 5, 2025/InvestmentOne Report

The NGXASI surged by 1.63% today to close at 114,616.75pts, as the positive sentiment in MTNN (+10.00%), OANDO (+10.00%) and ZENITHBANK (+4.00%) 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 short and long end of the curve. Consequently, Average T-Bills yield fell by 2bps to close at 20.69%. Similarly, the FGN Bond market traded on a positive note as the Average FGN Bond yield dipped by 2bps to close at 18.84%.
 
At the NFEM window, the Naira advanced by 79bps to close at NGN1,553.12/USD today. Crude oil price (Brent) rose by 0.89% to USD65.44pb.
 
Kindly find below the full Financial Market Report.

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