Markets
| % Change | YTD (%) | ||
| NGX ASI | 55,956.59 | -0.12% | 9.18% |
| Brent Crude Oil | 74.53 | -3.14% | -13.25% |
| Natural Gas | 2.28 | -1.98% | -44.39% |
| I&E FX Window | 469.50 | -0.58% | -4.79% |
| Parallel Market | 760.56 | 0.15% | -2.78% |
| Nigerian Treasury Bill (Average Yield %) | 6.15% | -0.01% | 0.33% |
| FGN Bonds (Average Yield %) | 14.11 | 0.01% | 15.40% |
| Gold | 1,966.25 | 1.37% | 8.38% |
| Cocoa | 3,159.00 | 1.84% | 21.23% |
- The benchmark NGX All-Share Index (ASI) pared 67.93 (-0.12%) points to close at 55,956.59, a 1-week gain of 0.27%, a 4-week gain of 7.18%, and an overall year-to-date gain of 9.18%. The downward trend was because of sell off in DANGCEM (-1.38%), STANBIC (-3.02%) and GLAXOSMITH (-5.30%).
- Oil prices fell US $3 a barrel on Thursday as demand weakness and report that the U.S. and Iran may be approaching a deal on oil exports outweighed expectations of tighter Saudi supply and a potential pause to U.S. interest rate hikes. Brent crude was down $2.15, or 3.14%, at $$74.53 a barrel having earlier dropped as much as $3. U.S. West Texas Intermediate crude fell by $2.40, or 3.3%, to $70.12. Meanwhile, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO) released this week that Oil prices will not average more than $80 per barrel in the second half of this year.
- Naira depreciated by 0.58 % closed at N469.5 / US $ I & E window on Thursday but at the street market, Naira appreciated slightly by 0.15% closed at N760.56 / US $.
- US natural gas futures fell by almost 2% to $2.28/MMBtu on Thursday, ending a four-day winning streak after EIA reported a slightly bigger-than-expected storage build last week.
