October 16, 2026/InvestmentOne Report
The NGXASI declined by 0.07% to close at 247,539.73pts, as the losses recorded in STANBIC (-4.76%), GTCO (-2.27%) and ZENITHBANK (-1.33%) drove the local equities market into the red.
In the fixed income space, the Treasury Bills secondary market traded on flattish note, driven by the weak selling sentiment observed across the short and long ends of the benchmark curve. Consequently, the Average T-Bills yield remained unchanged to close at 17.86%. Elsewhere, the FGN Bond secondary market traded on a positive note as the Average FGN Bond yield declined by 5bps to close at 16.34%.
At the NFEM window, the Naira depreciated marginally by 0.05% to close at NGN1,332.26/USD. Crude oil price (Brent) rose by 1.55% to close at USD 107.56pb.
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