Markets
| % Change | YTD (%) | ||
| NGX ASI | 64,448.96 | -0.27% | 25.75% |
| Brent Crude Oil | 84.19 | 0.89% | -2.01% |
| Natural Gas | 2.63 | 2.50% | -35.85% |
| I&E FX Window | 740.67 | 0.14% | -65.31% |
| Parallel Market | 890.00 | 4.30% | -20.27% |
| Nigerian Treasury Bill (Average Yield %) | 6.94% | 0.00% | 13.21% |
| FGN Bonds (Average Yield %) | 13.84% | 0.07% | 17.07% |
| Gold | 1,886.71 | -0.27% | 4.00% |
| Cocoa | 3,418.00 | 1.36% | 31.17% |
- The benchmark NGX All-Share Index (ASI) shed 176.32 (-0.27%) points to close at 64,448.96, representing a week loss of 1.16%, a 4-week gain of 0.81%, and an overall year-to-date gain of 25.75%. Guinea Insurance share price declined by 8.57%, followed by RT Briscoe (-8.16%), Consolidated Hallmark Insurance (-7.61%) and Sunu Assurances Nigeria (-6.98%).
- Oil prices rose more than 1% on Thursday, after falling for three straight sessions, as the dollar pulled back from highs and as China’s central bank sought to bolster the property market and wider economy. Brent crude futures rose 95 cents, or 0.89% to US $84.19 a barrel, U.S. West Texas Intermediate crude (WTI) was up US $1.23, or 1.6% at US $80.60 a barrel.
- Naira appreciated at both the I&E window and on the streets. At the I&E window, Naira demonstrated a slight appreciation of 0.19%, closing at N740.67 tothe US dollar. On the streets, Naira apppreciated by 4.30%, reaching a value of N890.00 against the US dollar.
- U.S. natural gas futures rose in the run up to a federal report expected to show a smaller than usual storage build last week as hotter weather boosted cooling demand. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 6.5 cents, or 2.5%, at US $2.63 per million British thermal units (mmBtu)
