NGXASI Gains +0.48%, Drive by Blue Chips

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July 12, 2025/InvestmentOne Report

The NGXASI advanced by 0.48% today to close at 133,199.99pts, as gains in FIRSTHOLDCO (+9.84%), PRESCO (+8.23%) and OANDO (+9.96%) drove the optimistic sentiment in the local equities market.
 
In the fixed income space, the Treasury Bills secondary market continued its bullish run as we observed a positive sentiment across all tenors of the benchmark curve. As a result, the Average T-Bills yield fell 3bps to close at 17.67%. Likewise, the FGN Bond market traded on a positive note as the Average FGN Bond yield declined by 9bps to close at 16.28%.
 
At the NFEM window, the Naira slightly improved by 0.05% to close at NGN1,534.79/USD. Crude oil price (Brent) rose by 1.11% to USD69.27pb.
 
Kindly find below the full Financial Market Report.

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