The NGXASI declined by 0.32% today to close at 104,181.32pts, as the selloffs observed in FBNH (-5.02%), ACCESSCORP (-4.20%) and GTCO (-1.23%) drove the market into the red zone.

In the fixed income space, the Treasury Bills secondary market closed downwards today, as we observed some buying pressure across the curve. Consequently, Average T-Bills yield declined by 5bps to close at 17.60%. Similarly, the FGN Bond market traded on a bullish note as the Average FGN Bond yield decreased by 4bps to close at 19.40%.

At the NAFEM window, the Naira strengthened by 1.23% to close at NGN 1,262.85/USD. Crude oil price (Brent) edged higher by 0.69% to USD89.53pb.

Kindly find below the full Financial Market Report.