Markets
| % Change | YTD (%) | ||
| NGX ASI | 52,927.60 | 0.58% | 3.27% |
| Brent Crude Oil | 78.03 | 1.63% | -9.17% |
| Natural Gas | 2.39 | 2.80% | -41.71% |
| I&E FX Window | 464.42 | 0.14% | -3.65% |
| Parallel Market | 750.71 | 1.18% | -1.49% |
| Nigerian Treasury Bill (Average Yield %) | 6.99% | 0.03% | 14.03% |
| FGN Bonds (Average Yield %) | 14.33 | -0.00% | 21.24% |
| Gold | 1,969.11 | -0.67% | 8.54% |
| Cocoa | 3,022.00 | 0.23% | 14.78% |
- The Nigeria Stock Market continued its upward trend as the benchmark NGX All-Share Index (ASI) moved up 306.41 (0.58%) points to close at 52,927.60, representing a 1-week gain of 0.66%, a 4-week gain of 2.56%, and an overall year-to-date gain of 3.27%. The positive sentiment in the market on Wednesday was largely driven by the buying interest in stocks such as Nestle PLC (9.98%), ACCESSCORP (6.19%), BERGER (5.3%), SEPLAT (7.13%).
- Crude oil prices rose for a third consecutive day early on Wednesday, after gains on Monday and Tuesday, on decline than expected inventory levels in the US. In early morning trade in Europe, Brent Crude was up above $78 per barrel, at $78.03, rising by 1.63%. The U.S. benchmark, WTI Crude, had risen by more than 1.81% and traded at $74.23.
- The Naira strengthened at both the I&E window and parallel market. It appreciated by 0.14% to close at N464.42/$ at the I&E window and strengthened at the parallel market by 1.18% closed at N750.71/$
- Cooler temperatures this week and a dip in available wind power this month are boosting the demand outlook for June for natural gas, leading to nearly 3% price gains to US$2.29 on Wednesday.
