Markets
| % Change | YTD (%) | ||
| NGX ASI | 65,687.16 | -0.46% | 28.17% |
| Brent Crude Oil | 83.16 | -0.57% | -2.58% |
| Natural Gas | 2.65 | -3.11% | -35.37% |
| I&E FX Window | 740.08 | 6.45% | -65.16% |
| Parallel Market | 854.00 | 1.91% | -15.41% |
| Nigerian Treasury Bill (Average Yield %) | 4.04% | -0.02% | -33.93% |
| FGN Bonds (Average Yield %) | 13.13% | 0.23% | 11.08% |
| Gold | 1,970.94 | 0.37% | 8.64% |
| Cocoa | 3,563.00 | 2.68% | 36.73% |
- NGX ASI (Nigerian Exchange All-Share Index) declined 0.41% in Wednesday trading, shedding 303.86 points to close at 65,687.16, representing a week gain of 3.03%, a 4-week gain of 10.7%, and an overall year-to-date gain of 28.17%. Seplat Petroleum Development Co. led the gainers with 10% share price appreciation closing at NGN 1,693.60 per share, followed by NCR Nigeria (+10%), Courteville Business Solutions (+10%) and FTN Cocoa Processors (+9.92%).
- Oil prices dipped on Wednesday. Brent crude futures down 48 cents, or 0.8 %, at US $83.16 a barrel while U.S. West Texas Intermediate (WTI) crude was at US $78.92, down 68 cents, or 0.9%.
- Supply concerns remain, fueling the divergence between the rates at the I & E window and that on the streets. Yesterday, Naira closed at N740.08 at the I & E window, appreciating by 6.45% while it reached N854 on the streets, appreciating by 1.91%, both against the US dollar.
- U.S. natural gas futures slid over 3% on forecasts of less demand this week and less hot weather over the next two weeks than previously expected.
