March 5, 2026/InvestmentOne Report

The NGXASI advanced by 0.18% to close at 196,807.15pts, as the gains recorded in NESTLE (+4.84%), MTNN (+0.63%) and STANBIC (+5.56%), drove the local bourse into the positive region.
 
In the fixed income space, the Treasury Bills secondary market continued its selloffs for a third consecutive day, majorly driven by declines along the mid and longer end of the curve. Consequently, the Average T-Bills yield rose by 7bps to close at 17.32%. Similarly, the FGN Bond secondary market traded on a negative note as the Average FGN Bond yield was up by 1bp to close at 15.66%.
 
At the NFEM window, the Naira depreciated by 0.03% to close at NGN 1,387.45/USD. Crude oil price (Brent) advanced by 4.30% to close at USD84.90pb.
 
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