Markets
| % Change | YTD (%) | ||
| NGX ASI | 59,195.21 | -1.32% | 15.50% |
| Brent Crude Oil | 75.90 | 3.69% | -11.65% |
| Natural Gas | 2.56 | 9.35% | -37.56% |
| I&E FX Window | 702.19 | -15.08% | -56.72% |
| Parallel Market | 755.00 | 0.98% | -2.03% |
| Nigerian Treasury Bill (Average Yield %) | 5.93% | -0.01% | -3.26% |
| FGN Bonds (Average Yield %) | 14.13 | 0.03% | 19.54% |
| Gold | 1,958.03 | 0.76% | 7.93% |
| Cocoa | 3,226.00 | 1.16% | 23.80% |
- NGX All-Share Index (ASI) declined 789.89 (-1.32%) points to close at 59,195.21, a 1-week gain of 5.66%, a 4-week gain of 12.93%, and an overall year-to-date gain of 15.5%. Top gainers include TOTAL (+10%), MRS (+10%), GUINNESS (+9.90%), and top losers include MTNN (-3.83%), ACCESSCORP (-9.24%), GTCO (-5.49%) and NB (-5.97%).
- Oil prices gained about 3% to close a one-week high on Thursday. Brent futures rose US $2.07, or 3.69%, to $75.90 a barrel while U.S. West Texas Intermediate (WTI) crude rose $2.59, or 3.79%, to $70.86.
- The Naira continues to decline at the I & E window, down 15.08% to N702.19, but appreciated at the street market, up 0.98% to N755. This brings the difference between the two rates to 7%, or N53.
- US natural gas futures extended gains above US $2.50/MMBtu, the highest in three weeks buoyed by a smaller-than-expected stock build, along with increased demand and decreased supply. A projected heatwave from June 23-30 is expected to drive up demand for gas, particularly for power generation used in air conditioning.
