7th August 2023 Africa Markets Roundup


  % ChangeYTD (%)  
NGX ASI65,198.08-0.1%27.21%
Brent Crude Oil   86.241.29%0.38%  
Natural Gas2.570.47%-37.32%
I&E FX Window 743.074.55%-65.85s%
Parallel Market  877.50-1.45%-18.58%
Nigerian Treasury Bill (Average Yield %)6.59%0.00%7.50%
FGN Bonds (Average Yield %)13.43%0.08%13.62%
Gold  1,942.020.43%7.05%
Cocoa 3,510.000.54%34.70%
  • The Nigerian equities market declined on Friday as the benchmark NGX All-Share Index (ASI) pared 64.98 (-0.1%) points to close at 65,198.08, representing a week gain of 0.22%, a 4-week gain of 3.42%, and an overall year-to-date gain of 27.21%. Eterna share price declined by 9.83%, followed by Meyer (-9.83%), Ikeja Hotel (-9.7%) and University Press (-9.24%).
  • Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September. Brent crude futures rose US $1.10, or 1.3%, to settle at $86.24 a barrel, while the U.S. West Texas Intermediate crude gained US $1.27, or 1.6%, to close at US $82.82 a barrel. Both benchmarks hit their highest levels since mid-April on Friday.

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