May 12, 2026/InvestmentOne Report

The NGXASI advanced by 0.77% to close at 252,411.67pts, as the gains recorded in FIRSTHOLDCO (+5.97%), ZENITHBANK (+2.27%) and NB (+9.94%) propelled the local bourse into the green.
 
In the fixed income space, the Treasury Bills secondary market traded on a positive note due to the modest buying interest observed at the long end of the curve. As such, the Average T-Bills yield moderated by 4bps to close at 17.44%. Meanwhile, the FGN Bond secondary market traded on a tepid note as the Average FGN Bond yield closed flat at 15.95%.
 
At the NFEM window, the Naira weakened by 0.18% to close at NGN1,375.62/USD. Crude oil price (Brent) rose by 2.94% to close at USD107.27pb.
 
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