The NGXASI advanced by 0.57% today to close at 104,549.74pts, as gains in STANBIC (+9.92%), NB (+6.25%) and UBA (+0.80%) drove the local bourse into the green zone.

In the fixed income space, the Treasury Bills secondary market traded on a positive note largely due to buy pressure observed across the curve. Consequently, Average T-Bills yield fell by 133bps to close at 23.44%. Similarly, the FGN Bond market closed on a positive note as the Average FGN Bond yield moderated by 1bp to close at 20.70%.

According to the FMDQ FX closing rate, the Naira appreciated by 0.79% to close at NGN1,510.72/USD. Crude oil price (Brent) settled lower by 0.23% to USD77.31pb.

Kindly find below the full Financial Market Report.