The NGXASI advanced by 0.17% today to close at 99,706.40pts, as bargain hunting on GTCO (+9.55%), ZENITHBANK (+6.76%) and TRANSCORP (+2.86%) buoyed the market into the positive terrain.

In the fixed income space, the Treasury Bills secondary market closed bullish, as buy pressure was observed on the short and mid tenor instrument. Consequently, Average T-Bills yield moderated by 3bps to close at 25.15%. However, the FGN Bond market traded somewhat flattish although with a negative tilt as the Average FGN Bond yield slightly increased by 1bp to close at 19.05%.

At the NAFEM window, the Naira weakened by 5.51% to close at NGN 1,234.49/USD. Crude oil price (Brent) settled lower by 0.32% to USD87.01pb.

Kindly find below the full Financial Market Report.