July 25, 2025/InvestmentOne Report

The NGXASI advanced by 0.94% today to close at 134,452.93pts, as gains in PRESCO (+7.68%), MTNN (+1.27%) and DANGCEM (+0.61%) drove the optimistic sentiment in the local equities market.
 
In the fixed income space, the Treasury Bills secondary market ended its bullish streak with a slight bearish sentiment across the short and mid tenors of the benchmark curve. As a result, the Average T-Bills yield rose by 3bps to close at 17.67%. Elsewhere, the FGN Bond market remained on a positive note as the Average FGN Bond yield declined by 3bps to close at 16.25%.
 
At the NFEM window, the Naira remained unchanged to close at NGN1,534.72/USD. Crude oil price (Brent) fell by 0.87% to USD68.58pb.
 
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