July 7, 2026/InvestmentOne Report
The NGXASI advanced by 1.24% to close at 237,083.28pts, as the gains recorded in DANGCEM (+5.40%), MTNN (+2.62%) and WAPCO (+4.83%) drove the local equities market into the positive zone.
In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note, driven by the buy pressure observed along the long end of the benchmark curve. As a result, the Average T-Bills yield declined by 2bps to close at 18.54%. Similarly, the FGN Bond secondary market traded on a slightly positive note as the Average FGN Bond yield declined by 3bps to close at 17.82%.
At the NFEM window, the Naira depreciated by 0.55% to close at NGN1,375.75/USD. Crude oil price (Brent) rose by 2.86% to close at USD74.05pb.
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