The NGXASI advanced by 0.01% today to close at 99,396.23pts, as the gains observed SEPLAT (+10.00%), UBA (+3.94%) and FBNH (+2.90%) drove the local bourse into the positive terrain.

In the fixed income space, the Treasury Bills secondary market traded on a bearish note, driven by the selloffs seen across the long tenor instrument. Consequently, Average T-Bills yield increased by 7bp to close at 22.09%. Elsewhere, the FGN Bond market traded on a flattish note. As such, the Average FGN Bond yield remained unchanged to close at 18.73%.

At the NAFEM window, the Naira weakened by 0.15% to close at NGN1,510.10/USD. Crude oil price (Brent) advanced by 0.67% to USD85.82pb.

Kindly find below the full Financial Market Report.