24th July 2023 Africa Markets Roundup


  % ChangeYTD (%)  
NGX ASI65,003.391.68%26.68%
Brent Crude Oil   81.071.80%-5.63%  
Natural Gas2.71-1.60%-33.90%
I&E FX Window 777.822.00%-73.60%
Parallel Market  790.005.95%-6.78%
Nigerian Treasury Bill (Average Yield %)4.06%0.00%-33.77%
FGN Bonds (Average Yield %)12.96%0.02%9.68%
Gold  1,961.71-0.40%8.13%
Cocoa 3,415.000.80%31.05%
  • On Friday, NGX ASI was up by 1.68%, increasing by 1,072.67 points to close at 65,003.39, representing a week gain of 3.89%, 4-week gain of 9.57%, and an overall year-to-date gain of 26.83%. 
  • Oil prices rose nearly 2% on Friday to record a fourth consecutive weekly gain. Brent crude futures rose US $1.43, or 1.8%, to settle at US $81.07 a barrel, with a weekly gain of about 1.2%. U.S. West Texas Intermediate crude ended US $1.42, or 1.9%, higher at US $77.07 a barrel, its highest since April 25. WTI gained nearly 2% in the week.

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