The NGXASI advanced today by 0.22% to close at 97,123.61pts, as buy interest particularly in banking stocks including UBA (+9.87%), ZENITHBANK (+5.78%) and ACCESSCORP (+4.89%) buoyed the domestic bourse into the green terrain.

In the fixed income space, the Treasury Bills secondary market closed up majorly due to buy pressure at the long end of the curve. Consequently, Average T-Bills yield moderated by 1bp to close at 23.94%. Meanwhile, the FGN Bond market traded on a negative note as the Average FGN Bond yield marginally increased by 1bp to close at 19.46%.

At the NAFEM window, the Naira appreciated by 0.33% to close at NGN1,671.32/USD. Crude oil price (Brent) rose by 1.09% to USD75.90pb.

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