The NGXASI advanced by 0.58% today to close at 104,788.25pts, as buy-ins in FIDELITYBK (+8.94%), ZENITHBANK (+4.02%) and GTCO (+2.62%) drove the local equities market into the positive zone.

In the fixed income space, the Treasury Bills secondary market closed bullish driven by optimism observed across the short and long tenor instruments. As such, Average T-Bills yield fell by 7bps to close at 21.11%. Meanwhile, the FGN Bond market traded on a negative note as the Average FGN Bond yield climbed by 1bp to close at 18.83%.

At the NFEM window, the Naira traded on a flat note to close at NGN1,629.94/USD (1-day lag). Crude oil price (Brent) fell by 4.25% to USD62.70pb.

Kindly find below the full Financial Market Report.