The NGXASI advanced by 0.23% today to close at 105,426.12pts, as selloffs in GTCO (+7.08%), NESTLE (+2.00%) and TOTAL (+6.70%) drove the domestic bourse into the positive region.

In the fixed income space, the Treasury Bills secondary market closed slightly positive driven by bullish sentiment observed across all tenor instruments. As such, Average T-Bills yield moderated by 1bp to close at 19.44%. Elsewhere, the FGN Bond market traded on a flat note as the Average FGN Bond yield remained unchanged to close at 18.70%.

At the NFEM window, the Naira appreciated by 0.12% to close at NGN1,536.82/USD. Crude oil price (Brent) fell by 0.63% to USD73.56pb.

Kindly find below the full Financial Market Report.