NGXASI Gains +2.03%, Driven by Bellwether Counters

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July 29, 2025/InvestmentOne Report

The NGXASI boosted by 2.03% today to close at 137,912.87pts, as gains in MTNN (+9.99%) , WAPCO (+8.76%) and DANGCEM (+3.05%), drove the optimistic sentiment in the local equities market.
 
In the fixed income space, the Treasury Bills secondary market traded on a positive sentiment across the short and long tenors of the benchmark curve. As a result, the Average T-Bills yield declined by 2bps to close at 17.66%. Elsewhere, the FGN Bond market remained on a positive note as the Average FGN Bond yield declined by 1bp to close at 16.20%.
 
At the NFEM window, the Naira appreciated by 0.07% to close at NGN1,533.18/USD. Crude oil price (Brent) rose by 1.38% to USD71.01pb.
 
Kindly find below the full Financial Market Report.

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