The NGXASI declined by 0.01% today to close at 105,511.89pts, as selloffs in OANDO (-6.04%), DANGSUGAR (-4.48%) and MANSARD (-10.00%) drove the domestic bourse into the negative region.

In the fixed income space, the Treasury Bills secondary market closed bearish driven by selloffs observed across the short and long tenor instruments. As such, Average T-Bills yield rose by 34bps to close at 19.86%. Elsewhere, the FGN Bond market traded on a flat note as the Average FGN Bond yield remained unchanged to close at 18.69%.

At the NFEM window, the Naira depreciated by 0.93% to close at NGN1,567.02/USD. Crude oil price (Brent) fell by 6.46% to USD65.61pb.

Kindly find below the full Financial Market Report.