The NGXASI advanced by 0.68% today to close at 99,980.30pts, as bargain hunting in banking stocks including GTCO (+10.00%), UBA (+10.00%) and ZENITHBANK (+7.86%) drove the market into the green zone.

In the Fixed income space, the Treasury Bills secondary market closed up, driven by bullish sentiments across the curve, consequently Average T-Bills yield fell by 2bps to close at 16.90%. However, the FGN Bond market traded on a bearish note as the Average FGN Bond yields slightly increased by 1bp to close at 17.22%.

At the NAFEM window, the Naira appreciated by 0.89% to close at NGN 1,595.11/USD. Crude oil price (Brent) trended downward by 0.10% to USD83.60pb.

Kindly find below the full Financial Market Report.