The NGXASI advanced by 0.53% to close at 244,700.80pts, as the gains recorded in AIRTELAFRI (+10.00%), FIRSTHOLDCO (+8.49%) and TRANSCORP (+2.18%) drove the local equities market into the positive zone.
 
In the fixed income space, the Treasury Bills secondary market traded on a positive note as a result of the buy pressure observed at the short and mid tenors of the benchmark curve. Consequently, the Average T-Bills yield declined by 5bps to close at 17.54%. Similarly, the FGN Bond secondary market traded on a positive note as the Average FGN Bond yield traded lower by 4bps to close at 16.61%.
 
At the NFEM window, the Naira appreciated by 0.20% to close at NGN1,359.50/USD. Crude oil price (Brent) declined by 4.90% to close at USD89.63pb.
 
Kindly find below the full Financial Market Report.