19th July 2023 Africa Markets Roundup


  % ChangeYTD (%)  
NGX ASI63,766.721.31%24.42%
Brent Crude Oil   79.951.80%-6.95%  
Natural Gas2.653.66%-35.37%
I&E FX Window 742.930.41%-65.81%
Parallel Market  825.00-3.00%-11.49%
Nigerian Treasury Bill (Average Yield %)6.09%-0.02%-0.31%
FGN Bonds (Average Yield %)12.91%-0.01%9.30%
Gold  1,977.021.14%8.97%
Cocoa 3,307.001.43%26.91%
  • NGX ASI rose by 1.31%, increasing by 823.37 points to close at 63,766.72, showing a week loss of 2.9%, a 4-week gain of 8.08%, and an overall year-to-date gain of 24.42%.  NEM Insurance, Honeywell Four Mill, and NPF Microfinance Bank all gained 10%.  
  • Oil prices climbed more than 1% on Tuesday as a weaker US dollar and expected decline in US output outweighed softer-than-expected Chinese economic data. Brent futures up by US $1.21, or 1.4%, at US $79.71 a barrel, while U.S. West Texas Intermediate (WTI) crude rose US $1.22, or 1.7%, to US $75.37.
  • At the I & E window, Naira gaiined slightly by 0.41% to close at N742.93, while it depreciated by 3% to reach N825, both against the US dollar.
  • U.S. natural gas futures climbed about 4% on Tuesday on forecasts for the weather to remain hotter-than-normal through early August.

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