The NGXASI declined by 0.15% today to close at 97,978.26pts, as selloffs particularly in banking stocks including GTCO (-2.63%), ACCESSCORP (-2.94%) and FIDELITYBK (-5.88%) drove the local bourse into the negative terrain.

In the fixed income space, the Treasury Bills secondary market closed positive, as we observed buy pressure across the curve. Consequently, Average T-Bills yield fell by 12bps to close at 21.99%. However, the FGN Bond market traded on a relatively quiet note as the Average FGN Bond yield slightly advanced to 18.70%.

At the NAFEM window, the Naira weakened by 1.58% to close at NGN 1,485.66/USD. Crude oil price (Brent) trended lower by 0.59% to USD81.42pb.

Kindly find below the full Financial Market Report.