21st August 2023 Africa Market Roundup


  % ChangeYTD (%)  
NGX ASI64,743.960.46%26.33%
Brent Crude Oil   84.800.81%-1.29%  
Natural Gas2.55-2.67%-37.80%
I&E FX Window 739.520.16%-65.05%
Parallel Market  840.005.62%-13.51%
Nigerian Treasury Bill (Average Yield %)8.16%0.95%33.12%
FGN Bonds (Average Yield %)13.89%0.00%17.51%
Gold  1,888.960.00%4.12%
Cocoa 3,366.00-1.36%29.17%
  • On Friday, the benchmark NGX All-Share Index (ASI) climbed 295.00 (0.46%) points to close at 64,743.96, concluding a week loss of 0.89%, a 4-week loss of 0.4%, but an overall year-to-date gain of 26.33%.  John Holt share price led the gainers, followed by Consolidated Hallmark Insurance (+8.24%), University Press (+6.67%) and Computer Warehouse Group (+5.56%).
  • Oil prices rose about 1% on Friday despite signs of slowing US output and concerns about growth in global demand. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.1%, to settle at US $81.25 a barrel, and Brent crude futures rose 68 cents, or 0.8%, to settle at US $84.80 a barrel.
  • Following measures that include supply to Bureau de Change by the Central Bank of Nigeria (CBN), Naira appreciated at both I&E window and on the streets. On the I&E window, it appreciated 0.16%, closing at N739.52 against the US dollar while it apprecaited by 5.62% to reach N840.00 against the US dollar on the streets.
  • U.S. natural gas futures fell to a more than two-week low on Friday. Gas futures for September delivery on the New York Mercantile Exchange were down 6.3 cents, or 2.4%, at US $2.55 per million British thermal units (mmBtu) . The contract was on track to post a weekly decline of about 8%.

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