October 16, 2025/InvestmentOne Report

The NGXASI advanced by 0.41% today to close at 148,355.04pts, as gains in DANGCEM (+2.42%), WAPCO (+2.31%) and FIRSTHOLDCO (+2.40%) drove the local bourse into the positive region.
 
In the fixed income space, the Treasury Bills secondary market traded on a positive note, following the decreases observed across all tenors of the benchmark curve. Consequently, the Average T-Bills yield fell by 4bps to close at 17.33%. Meanwhile, the FGN Bond secondary market traded on a relatively negative note as the Average FGN Bond yield closed inched higher by 1bp to close at 15.99%.
 
At the NFEM window, the Naira appreciated by 0.15% to close at NGN 1,471.03/USD. Crude oil price (Brent) declined by 0.18% to close at USD61.80pb.

           
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