Bellwether Counters Drive NGXASI to -0.45% Loss

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September 3, 2025/InvestmentOne Report

The NGXASI declined by 0.45% today to close at 138,159.25pts, as the losses recorded in NB (-5.71%), UBA (-2.03%) and GTCO (-1.09%) drove the local bourse into the negative zone.
 
In the fixed income space, the Treasury Bills secondary market exhibited a bullish performance, driven by the buying pressure noticed across the benchmark curve. Consequently, the Average T-Bills yield decreased by 22bps to close at 18.61%. Likewise, the FGN Bond market traded on a positive note as the Average FGN Bond yield moderated by 3bps to close at 17.10%.
 
At the NFEM window, the Naira appreciated by 0.30% to close at NGN1,521.46/USD. Crude oil price (Brent) decreased by 2.21% to close at USD67.61pb.
           
Kindly find below the full Financial Market Report.

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