February 4, 2026/InvestmentOne Report

The NGXASI advanced by 1.28% to close at 168,030.18pts, as losses recorded in MTNN (+2.88%), FIRSTHOLDCO (+9.92%) and WAPCO (+5.10%), drove the equities market higher.
 
In the fixed income space, the Treasury Bills secondary market traded on a slightly neutral to positive note driven by investor interest along the short and long end of the benchmark curve. Consequently, the Average T-Bills yield remained unchanged close at 18.18%. Similarly, the FGN Bond secondary market traded on a slightly positive note as the Average FGN Bond yield declined by 2bps to close at 16.41%.
 
At the NFEM window, the Naira appreciated by 1.07% to close at NGN 1,358.28/USD. Crude oil price (Brent) inched higher by 0.01% to close at USD67.34pb.
 
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