Markets
| % Change | YTD (%) | ||
| NGX ASI | 61,523.81 | 1.33% | 20.04% |
| Brent Crude Oil | 76.70 | 0.6% | -11.08% |
| Natural Gas | 2.71 | -0.04% | -33.90% |
| I&E FX Window | 742.31 | 3.40% | -65.68% |
| Parallel Market | 775.67 | -0.28% | -4.82% |
| Nigerian Treasury Bill (Average Yield %) | 6.18% | -0.02% | 0.82% |
| FGN Bonds (Average Yield %) | 13.17 | 0.10% | 11.42% |
| Gold | 1,920.67 | -0.22% | 5.87% |
| Cocoa | 3,341.00 | 1.06% | 28.21% |
- The equities market rebounded Wednesday. NGX All-Share Index (ASI) increased by 808.77 (1.33%) points to close at 61,523.81, showing a week gain of 2.55%, a 4-week gain of 8.79%, and an overall year-to-date gain of 20.04%. Key share price movement include Learn Africa (+9.97%), Golden Guinea Breweries (+9.95%), Chellarams (+9.77%), John Holt (+9.62%), TRANSCOHOT (+8.95%), BUACEMENT (+9.44%), PRESCO (+7.73%), CONOIL (+5.68%) and ACCESSCORP (+4.37%),
- Brent crude oil prices were little changed on Wednesday. The Brent benchmark was up 45 cents, or 0.6%, at US $76.70 a barrel after falling more than US $1 in early trade.
- Naira displayed a mixed performance in the market. At the I & E window, there was a significant appreciation of 3.40%, closing at N742.31 against the US dollar. On the streets, Naira experienced a slight depreciation of 0.28%, reaching N775.67 against the US dollar.
- U.S. natural gas futures declined slightly by 0.04% to close at US $2.71, triggered by increased supply in the US, including the resumption of operations at the Freeport LNG export facility, a mild winter experienced in the northern hemisphere during 2022-23, and strong stockpiles in Europe.
