15th August Africa Market Roundup


  % ChangeYTD (%)  
NGX ASI65,210.49-0.18%27.24%
Brent Crude Oil   86.46-0.40%0.58%  
Natural Gas2.790.72%-31.95%
I&E FX Window 744.41-0.61%-66.14%
Parallel Market  935.000.53%-26.35%
Nigerian Treasury Bill (Average Yield %)7.03%0.00%14.68%
FGN Bonds (Average Yield %)13.66%0.00%15.57%
Gold  1,909.95-0.19%5.28%
Cocoa 3,304.000.3%26.79%
  • On Monday, the benchmark NGX All-Share Index (ASI) pared 114.88 (-0.18%) points to close at 65,210.49, representing a week loss of 0.19%, 4-week gain of 3.6%, and an overall year-to-date gain of 27.24%. Eterna share price declined 9.9%, followed by Sunu Assurances Nigeria (-9.57%), University Press (-9.24%) and FTN Cocoa Processors (-8.44%).
  • Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar took the momentum out of seven weeks of gains on tight supply. U.S. West Texas Intermediate crude again slid more than more than US $1 a barrel to the day’s low before returning to US $82.42 a barrel, down 76 cents. Brent crude futures were down 67 cents at US $86.46.
  • Naira was mix in both the I & E window and on the streets. At the I & E  window, Naira depreciated slightly by 0.61%, closing at N744.41 against the US dollar. However, on the streets, it appreciated by 0.53% reaching N935 a dollar.
  • U.S. natural gas futures rose on Monday as hotter-than-normal weather kept cooling demand high, with consumption set to rise further into next week. Supply was also seen dropping to 108.6 billion cubic feet per day (bcfd) from 109.2 bcfd in the previous week. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 2.6 cents, or about 1%, to US $2.80 per million British thermal units (mmBtu)

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