Markets
| % Change | YTD (%) | ||
| NGX ASI | 62,019.88 | 0.81% | 21.01% |
| Brent Crude Oil | 75.34 | 0.6% | -12.30% |
| Natural Gas | 2.61 | -1.73% | -36.34% |
| I&E FX Window | 762.63 | -2.88% | -70.21% |
| Parallel Market | 780.50 | -0.62% | -5.47% |
| Nigerian Treasury Bill (Average Yield %) | 6.08% | -0.10% | -0.82% |
| FGN Bonds (Average Yield %) | 13.32 | 0.15% | 12.69% |
| Gold | 1,905.37 | -0.60% | 5.03% |
| Cocoa | 3,334.00 | 0.85% | 27.95% |
- Yesterday, NGX All-Share Index (ASI) increased by 496.31 (0.83%) points to close at 62,019.88, showing a week gain of 2.55%, a 4-week gain of 8.79%, and an overall year-to-date gain of 21.01%. Key share price movement include that of CONOIL (+10%), MRS (+10%), ETERNA (+10%), UBN (+10%), LEARNAFRICA (+10%) and NASCON (+9.95%).
- Oil prices edged lower on Thursday as the market digested the higher likelihood of a U.S. rate hike accelerating fears of global economic slowdown against tighter crude supply. Brent crude futures were down US $1.31 to $75.34 a barrel after a 0.5% gain the previous day. U.S. West Texas Intermediate crude was 57 cents down to US $71.22 after rising 2.9% in post-holiday trade on Wednesday.
- Naira was down in both market. At the I & E window, it depreciated by 2.88%, resulting in a closing rate of N762.63 against the US dollar. On the streets, Naira experienced a slight depreciation of 0.62%, reaching N780.50 against the US dollar.
- Natural gas futures in the United States experienced a further decline of 1.73%, closing at US $2.61. This decline was primarily influenced by increased supply within the US market, which was driven by the resumption of operations at the Freeport LNG export facility.
