Markets
| % Change | YTD (%) | ||
| NGX ASI | 62,943.35 | 0.6% | 22.81% |
| Brent Crude Oil | 78.88 | -1.24% | -8.18% |
| Natural Gas | 2.51 | -0.98% | -38.78% |
| I&E FX Window | 795.28 | 1.00% | -77.44% |
| Parallel Market | 801.00 | 0.25% | -8.24% |
| Nigerian Treasury Bill (Average Yield %) | 6.11% | -0.01% | -0.33% |
| FGN Bonds (Average Yield %) | 12.92% | -0.03% | 9.31% |
| Gold | 1,947.02 | -0.42% | 7.32% |
| Cocoa | 3,345.00 | 1.42% | 28.37% |
- The NGX All-Share Index (ASI) moved up 373.62 (0.6%) points to close at 62,943.35, a week loss of 2.57%, a 4-week gain of 6.33%, and an overall year-to-date gain of 22.81%. Unilever Nigeria led the gainers with 10%, followed by Fidelity Bank (+10%), Daar Communications (+10%) and Sterling Bank (+9.97%).
- Oil prices fell by about 1% in early Asian trade on Monday after major Libyan oilfields resumed production over the weekend following a brief shutdown and after China reported second-quarter economic growth below expectations. The U.S. benchmark WTI Crude was trading down by 0.98% at US $74.68 per barrel, while Brent Crude traded below the US $80 per barrel mark it had reached last week for the first time since May, down by 0.96%, at US $78.88.
- Naira appreciated by 1.00% at the I & E window yesterday, closing at a rate of N795.28 against the US dollar. Similarly, on the streets in the street market, it was a modest appreciation of 0.25%, reaching a value of N801.00 against the US dollar.
- U.S. natural gas futures eased about 1% to a fresh three-week low on Monday on rising output and forecasts for less hot weather over the next two weeks than previously expected.
