Markets
| % Change | YTD (%) | ||
| NGX ASI | 63,930.72 | 0.27% | 24.74% |
| Brent Crude Oil | 79.69 | 0.24% | -7.23% |
| Natural Gas | 2.77 | 6.22% | -32.44% |
| I&E FX Window | 768.16 | 3.38% | -71.45% |
| Parallel Market | 843.00 | -2.18% | -13.92% |
| Nigerian Treasury Bill (Average Yield %) | 4.06% | -2.04% | -33.77% |
| FGN Bonds (Average Yield %) | 12.96% | 0.01% | 9.31% |
| Gold | 1,971.01 | -0.33% | 8.64% |
| Cocoa | 3,396.00 | -1.08% | 30.32% |
- Equities Market remains largely flat, with NGX ASI up by 0.27%, climbed 173.49 points to close at 63,930.72, a week gain of 1.88%, a 4-week gain of 8.16%, and an overall year-to-date gain of 24.74%. Top gainers on the day include University Press (10%), Eunisell Interlinked (9.97%), Academy Press (9.95%) and Chellarams (9.91%).
- Brent crude futures steadied above US $79 per barrel on Thursday after facing heightened volatility in recent sessions, as traders continued to assess the outlook for the oil market in the second half of the year
- Naira’s exchnage rate to the US $ continues to be volatile. At the I&E window, the Naira appreciated by 3.38%, closing at a rate of N768.16 against the US dollar, but reached N843 on the streets, a depreciation of 2.18%.
- US natural gas futures surged 5% to above $2.7/MMBtu, the highest in a week driven by expectations of heightened demand for air conditioning amid hotter-than-usual weather forecasts until at least August 4.
