30th June 2023 Africa Markets Roundup


  % ChangeYTD (%)  
NGX ASI60,109.41       –17.28%
Brent Crude Oil   74.690.95%-13.06%  
Natural Gas2.742.59%-33.17%
I&E FX Window 763.00     –-70.29%
Parallel Market  773.50     –-4.53%
Nigerian Treasury Bill (Average Yield %)6.21%     –1.46%
FGN Bonds (Average Yield %)13.82    –16.92%
Gold  1,910.760.17%5.32%
Cocoa 3,253.00-0.15%24.84%
  • Nigeria equities and debt markets closed for the Eid el Kabir celebrations. Data shows how the market opens today.
  • Oil prices edged higher on Thursday, buoyed by a bigger-than-expected fall in U.S. inventories, but fears that rising interest rates could dent global economic growth limited further gains. Brent crude futures was up 46 cents, or 0.95%, to US $74.69 a barrel, US West Texas Intermediate (WTI) crude futures rose 48 cents, or 0.7%, to US $70.04 a barrel.
  • U.S. natural gas futures slid about 2% on Thursday on a big daily increase in output ahead of a federal report expected to show a near-normal storage build last week. The  small price decline came despite forecasts for higher demand and hotter weather than previously expected through mid July and as the amount of gas flowing to liquefied natural gas (LNG) export plants increases after maintenance work.

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