Markets
| % Change | YTD (%) | ||
| NGX ASI | 65,263.06 | 1.55% | 27.34% |
| Brent Crude Oil | 85.14 | 2.49% | -0.74% |
| Natural Gas | 2.55 | 3.11% | -37.80% |
| I&E FX Window | 776.5 | -4.71% | -73.31% |
| Parallel Market | 865.00 | 0.29% | -16.89% |
| Nigerian Treasury Bill (Average Yield %) | 6.59% | 0.00% | 7.50% |
| FGN Bonds (Average Yield %) | 13.35% | 0.05% | 12.94% |
| Gold | 1,933.78 | 0.02% | 6.59% |
| Cocoa | 3,491.00 | -1.77% | 33.97% |
- The market sustained the positive sentiment on Thursday as the benchmark NGX All-Share Index (ASI) increased by 995.70 (1.55%) points to close at 65,263.06, representing a 1-week loss of 0.34%, a 4-week gain of 5.23%, and an overall year-to-date gain of 27.34%. Nigerian Breweries led gainers with 10% share price appreciation closing at NGN 41.80 per share, followed by PZ Cussons Nigeria (+10%), Sterling Bank (+10%) and Chellarams (+9.96%).
- Oil prices rose over 2% on Thursday as Saudi Arabia and Russia took steps to keep supplies tight into September and possibly beyond. Brent futures rose US $1.94, or 2.3%, to settle at US $85.14 a barrel, while U.S. West Texas Intermediate crude rose US $2.06, or 2.6%, to settle at US $81.55.
- At the I&E window, Naira depreciated by 4.71% to close at N776.5 against the US dollar. However, on the streets, Naira largely stayed flat at N865 against the US dollar.
- US natural gas futures rose to over US $2.55/MMBtu, rebounding from the seven-week low of US $2.48 amid prospects of robust demand and evidence of lower supply.
