The NGXASI declined by 0.38% today to close at 103,047.07pts, as the selloffs observed in UBA (-5.09%), FBNH (-4.75%) and GTCO (-4.17%) drove the market into the red zone.

In the fixed income space, the Treasury Bills secondary market traded on a bullish note today, as we observed buying pressure across the short end of the curve. Consequently, Average T-Bills yield fell by 1bp to close at 18.90%. In line, the FGN Bond market traded on a bullish note as the Average FGN Bond yield were down by 5bp to close at 19.26%.

At the NAFEM window, the Naira strengthened by 1.63% to close at NGN 1,230.61/USD. Crude oil price (Brent) decreased by 1.25% to USD90.03pb.

Kindly find below the full Financial Market Report.