The NGXASI declined by 3.16% today to close at 102,393.23pts, as profit taking activities in DANGCEM (-10.00%), MTNN (-10.00%) and NB (-9.08%) drove the market into the negative region.

In the Fixed income space, the Treasury Bills secondary market closed bullish, as yields slightly decreased across all tenors, as Average T-Bills yield declined by 3bps to 15.44%. In, the FGN Bond market closed flat as the Average FGN Bond yields remained unchanged to close at 16.12%.

At the NAFEM window, the Naira depreciated by 3.94% to close at NGN1,598.54/USD. Crude oil price (Brent) trended upwards by 0.10% to USD83.55pb.

Kindly find below the full Financial Market Report.