The NGXASI declined by 0.34% today to close at 107,455.13pts, as selloffs observed in FBNH (-3.24%), GTCO (-1.55%) and UBA (-2.17%) drove the domestic bourse into the red zone.

In the fixed income space, the Treasury Bills secondary market traded on a bearish note, mostly driven by the negative sentiment seen on the shorter end of the curve. As such, Average T-Bills yield inched higher by 1bp to close at 19.90%. Likewise, the FGN Bond market closed negative as the Average FGN Bond yield rose by 4bps to close at 18.57%.

According to the FMDQ FX closing rate, the Naira appreciated by 0.07% to close at NGN1,499.10/USD. Crude oil price (Brent) declined by 0.21% to USD72.66pb.

Kindly find below the full Financial Market Report.