March 8, 2026/InvestmentOne Report

The NGXASI advanced by 0.12% to close at 197,194.87pts, as the gains recorded in NGXGROUP(+9.97%), OANDO (+9.96%) and INTTBREW(+8.09%), drove the local bourse into the positive region.
 
In the fixed income space, the Treasury Bills secondary market continued its selloffs, majorly driven by declines on the long and mid ends of the benchmark curve. Consequently, the Average T-Bills yield rose by 15bps to close at 17.61%. Meanwhile, the FGN Bond secondary market traded on a slightly positive note as the Average FGN Bond yield was down by 0.2bps to close at 15.73%.
 
At the NFEM window, the Naira depreciated by 0.89% to close at NGN 1,405.62/USD. Crude oil price (Brent) advanced by 5.90% to close at USD98.16pb.
 
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