Markets
| % Change | YTD (%) | ||
| NGX ASI | 63,040.41 | 1.65% | 23% |
| Brent Crude Oil | 78.47 | 2.55% | -8.66% |
| Natural Gas | 2.58 | -1.03% | -37.07% |
| I&E FX Window | 776.90 | -1.87% | -73.40% |
| Parallel Market | 797.50 | -2.11% | -7.70% |
| Nigerian Treasury Bill (Average Yield %) | 6.12% | 0.00% | -0.82% |
| FGN Bonds (Average Yield %) | 13.26 | 0.02% | 12.18% |
| Gold | 1,924.64 | 0.73% | 6.09% |
| Cocoa | 3,290.00 | 0.40% | 26.26% |
- The equities market sustained the upward movement on Friday as NGX ASI rose by 1.65% to close at 63,040.41, representing a week gain of 3.4%, 4-week gain of 12.49%, and an overall year-to-date gain of 23%. Key share price movement include that of Presco (10%), FTN Cocoa Processors (+10%), Omatek Ventures (+10%) and Afromedia (+10%), DANGCEM (3.45%) and MRS (+8.98).
- Oil prices climbed near 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose US $1.95, or 2.6%, to settle at US $78.47 a barrel, while U.S. West Texas Intermediate crude (WTI) rose US $2.06, or 2.9%, to settle at US $73.86. That was the highest close for Brent since May 1 and WTI since May 24. Both benchmarks ended up about 5% for the week.
- Naira fell at both the I & E and street markets, 1.87% and 2.11%, respectively. They closed at N776.9 and N797.5, respctively.
- U.S. natural gas futures fell about 1% to US$2.58 on Friday to a two-week low, as drillers pulled record amounts of gas out of the ground and after a bigger-than-expected storage build last week.
