Global equity markets were relatively subdued, with the United States (US) markets closed for Memorial Day and the United Kingdom’s (UK) markets closed for a bank holiday, leaving continental European bourses to set the tone.

The Nigerian stock market edged higher on a rally in telco and banking indices. Buying interest in the telecommunications giant AIRTELAFRI, which reached a new year-high of NGN3,655.70, pushed the local bourse to a bullish close in the first trading session of the week.

TRON (TRX) gained 2% in 24 hours to $0.372, outperforming a flat broader market, primarily driven by its fundamental utility as a leading stablecoin settlement layer. TRX price increase over solid utility and technical momentum, though overbought readings suggest near-term volatility.