October 17, 2025/InvestmentOne Report

The NGXASI advanced by 0.42% today to close at 148,977.78pts, as gains in BUAFOODS (+3.22%), MTNN (+0.66%) and WAPCO (+1.88%) drove the local bourse into the positive region.
 
In the fixed income space, the Treasury Bills secondary market traded on a negative note, following the rise in yields observed across all tenors of the benchmark curve. Consequently, the Average T-Bills yield rose by 6bps to close at 17.39%. Meanwhile, the FGN Bond secondary market traded on a relatively positive note as the Average FGN Bond yield closed inched higher by 2bps to close at 15.97%.
 
At the NFEM window, the Naira depreciated by 0.29% to close at NGN 1,475.35/USD. Crude oil price (Brent) advanced by 0.08% to close at USD61.11pb.

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