Markets
| % Change | YTD (%) | ||
| NGX ASI | 65,056.39 | -0.65% | 26.94% |
| Brent Crude Oil | 84.99 | 0.89% | -1.07% |
| Natural Gas | 2.65 | 1.66% | -35.37% |
| I&E FX Window | 775.76 | 0.29% | -73.11% |
| Parallel Market | 870.00 | -1.75% | -17.57% |
| Nigerian Treasury Bill (Average Yield %) | 6.67% | 0.00% | 8.81% |
| FGN Bonds (Average Yield %) | 13.25% | 0.12% | 12.10% |
| Gold | 1,958.81 | 0.71% | 7.93% |
| Cocoa | 3,525.00 | -0.11% | 35.28% |
- The benchmark NGX All-Share Index (ASI) dropped 426.52 (-0.65%) points to close at 65,056.39, representing a 1-week gain of 0.08%, a 4-week gain of 6.71%, and an overall year-to-date gain of 26.94%. Key share price decline on Friday were Guinness (- 10%), Chams (-10%), John Holt (-9.84%) and Cadbury Nigeria (-9.78%).
- Oil prices rose on Friday and recorded fifth straight week of gains as expectations rise that rate hikes have peaked or near peak in the US and Europe. Brent crude settled 75 cents higher to US $84.99 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 49 cents to US $80.58 a barrel.
- Naira was mixed at the I & E and on the streets. At I &. E window, Naira appreciated by 0.29%, resulting in a closing rate of N775.76 against the US dollar. Simultaneously, on the streets, Naira slid by 1.75%, down to N870 against the US dollar.
- U.S. natural gas futures gained about 2% on Friday to close at US $2.65.
