Markets
| % Change | YTD (%) | ||
| NGX ASI | 65,482.91 | -0.31% | 27.77% |
| Brent Crude Oil | 84.14 | 1.47% | -2.06% |
| Natural Gas | 2.5 | -6.23% | -35.37% |
| I & E FX Window | 768.60 | -3.79% | -71.42% |
| Parallel Market | 855.00 | -0.12% | -15.54% |
| Nigerian Treasury Bill (Average Yield %) | 4.04% | -0.02% | -33.93% |
| FGN Bonds (Average Yield %) | 13.13% | 0.23% | 11.08% |
| Gold | 1,947.26 | -1.27% | 7.33% |
| Cocoa | 3,539.00 | -0.37% | 35.81% |
- NGX ASI (Nigerian Exchange All-Share Index) down 0.31% on Thursday, shedding 204.25 points to close at 65,482.91, representing a 1-week gain of 2.43%, a 4-week gain of 8.94%, and an overall year-to-date gain of 27.77%. Japaul Gold and Ventures declined 9.91%, followed by Cadbury Nigeria (-9.8%), FTN Cocoa Processors (-9.4%) and Neimeth International Pharma (-9.34%).
- Corporate results –
- Airtel Africa Plc on Thursday reported in its Q2 report that it lost US $151m due to the harmonisation of the foreign exchange rates in Nigeria.
- FBN Holdings Plc, one of Nigeria’s largest banks released its Q2 2023 results showing pre-tax profits rose five folds to N150.1 billion (N29.2 billion Q2 2022), raising H1 2023 profits by 213% to N206.2 billion compared to N65.7 billion same period last year.
- Unilever Nigeria Plc Q2 2023 unaudited results shows pre-tax profits fell 72.95% to N169.9 million. The company reported an operating loss of N3.2 billion in the quarter under review as costs escalated beyond revenues.
- Ecobank Group Q2 2023 results shows a 63% increase in pre-tax profits to N92.52 billion. The increase in second-quarter profits helped its half-year profit before tax to rise by 38% to N150.31 billion compared to N108.96 billion same period last year.
- Oil prices rebounded Thursday after dipping on Wednesday. Brent crude traded above US $84 per barrel and West Texas Intermediate was changing hands at close to US $80 per barrel.
- Naira was down both at the I & E window and street markets. At the I & E window, Naira depreciated by 3.79%, closing at N768.60 against the US dollar while slid slighty by 0.12%, down to N855 against the US dollar on the streets.
- Natural gas futures fell about 3% to a one-week low on forecasts for less demand and less hot weather over the next two weeks.
