NGXASI Advance +2.49% on Gains in Bellwether Counters

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April 17, 2026/InvestmentOne Report

The NGXASI advanced by 2.49% to close at 217,167.55pts as the gains recorded in MTNN (+9.27%), BUAFOODS (+3.33%) and DANGCEM (+1.60%) drove the local equities market into the positive territory.
 
In the fixed income space, the Treasury Bills secondary market exhibited a tepid performance, with little cherry-picking activities across the curve. Nevertheless, the Average T-Bills yield inched up by 2bps to close at 17.44%. Elsewhere, the FGN Bond secondary market traded on a flattish note as the Average FGN Bond yield remained unchanged at 15.85%.
 
At the NFEM window, the Naira depreciated by 0.10% to close at NGN1,343.64/USD. Crude oil price (Brent) fell by 10.48% to close at USD88.97pb.
 
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