26th May 2023 Africa Markets Roundup


  % ChangeYTD (%)  
NGX ASI 52,821.60-0.2%3.06%
Brent Crude Oil   75.93-3.10%-11.62%  
Natural Gas2.29-4.71%-44.15%
I&E FX Window 463.670.31%         -3.49%
Parallel Market  7450.67%-0.68%
Nigerian Treasury Bill (Average Yield %)6.95%-0.04%13.08%
FGN Bonds (Average Yield %)14.30–0.03%20.98%
Gold  1,943.43-1.96%7.12%
Cocoa 3,017.000.23%15.78%
  • NGX All-Share Index (ASI) pared 106.00 (-0.2%) points to close at 52,821.60, representing a 1-week gain of 1.37%, a 4-week gain of 1.39%, and an overall year-to-date gain of 3.06%. The negative sentiment in the market was largely driven by profit taken and sell off in CONOIL (9.92%) UNILEVER (-8.28%), ETERNA (-6.21%) and PZ (-6.11%).
  • The Naira appreciated at both the I & E window and parallel market. It appreciated by 0.31% to close at N463.67/$ at the I & E window and strengthened at the parallel market by 0.67% closed at N745/$
  • Natural gas futures slid about 4.71% to US$2.29 on Thursday on record U.S. output, rising Canadian exports and forecasts for milder U.S. weather and lower demand over the next two weeks than previously expected.

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