Market Roundup 26th September 2023


  % ChangeYTD (%)  
JSE73,398.78     –0.48%
NGX ASI66,882.64-0.66%30.50%
EGX 3020,320.560.53%24.66%
Brent Crude Oil   93.370.11%8.68%  
Natural Gas2.61-0.95%-36.34%
I&E FX Window  773.25-3.41%-72.58%
Parallel Market  980.00-5.38%-32.43%
Nigerian Treasury Bill (Average Yield %)7.82%0.1%27.57%
FGN Bonds (Average Yield %)14.64%-0.07%23.94%
Gold  1,915.44-0.5%5.58%
Cocoa 3,496.00-2.46%34.16%
  • Oil prices nearly flat in Monday trade as Russia relaxed its fuel ban, after earlier gains on a tighter supply outlook, while investors eyed elevated interest rates that could curb demand. Brent crude futures flat at US $93.37 a barrel while the U.S. West Texas Intermediate crude was down 25 cents at US $89.78.
  • US natural gas futures traded around US $2.6/MMBtu in the last week of September, driven by strong demand and slightly reduced production estimates, even as the market entered the shoulder period characterized by lower power demand. Gas production in the US eased to 102.11 bcfd in September, down from the August record of 102.3 bcfd

ThinkBusiness Africa

Your daily dose of contexts, commentary, and insights on business and economic developments that matter to you.