Markets
| % Change | YTD (%) | ||
| NGX ASI | 62,748.94 | -2.03% | 22.43% |
| Brent Crude Oil | 80.74 | 0.74% | -6.02% |
| Natural Gas | 2.62 | -0.57% | -36.10% |
| I&E FX Window | 746.28 | 7.06% | -66.56% |
| Parallel Market | 777.56 | 0.31% | -5.08% |
| Nigerian Treasury Bill (Average Yield %) | 6.11% | -0.01% | -0.33% |
| FGN Bonds (Average Yield %) | 12.92% | -0.03% | 9.31% |
| Gold | 1,960.75 | 0.17% | 8.08% |
| Cocoa | 3,245.00 | -1.58% | 24.53% |
- Yesterday made it two consecutive days the benchmark NGX ASI fell by more than 2% this week, as the market plummet 2.03% to close at 62,748.94, showing a week gain of 1.18%, a 4-week gain of 7.88%, and an overall year-to-date gain of 22.43%. Key share price movement include Stanbic IBTC Holdings (- 10%), Transcorp Hotels (-10%), Fidelity Bank (-10%) and Wema Bank (-10%).
- Global oil benchmark Brent hovered above US $80 a barrel on Thursday after U.S. inflation data implied interest rates in the world’s biggest economy are close to their peak. Brent crude futures 1 cent to US $80.74 per barrel while U.S. West Texas Intermediate crude futures crept 8 cents lower to US $75.67.
- Following the N800 breach on the streets two days ago, Naira strengthened against the US dollar at the I & E and largely flat on the streets yesterday. At the I & E, Naira closed N746.28, 7.06% change from Wednesday. On the street, it was a mere 0.3% change from Wednesday, closing at N777.56 against the US dollar. Meanwhile, latest data by FMDQ shows inflows into I & E up by US $300 million in June compared to May, following the aggreagation of all CBN’s exchnage rate windows into the I & E window and laregely removing the previous restrictions in the changes in the value of the Naira.
- US natural gas futures traded around US $2.65/MMBtu, sliught change from Wednesday.
