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Market Roundup 29th September 2023

Markets

  % ChangeYTD (%)  
JSE72,505.990.46%-0.74%
NGX ASI66,448.63-0.31%29.65%
NASI95.30-0.50%-25.24%
MASI11,865.320.00%10.40%
EGX 3020,174.280.00%23.76%
Brent Crude Oil   94.95-1.66%10.52%  
Natural Gas2.931.00%-28.54%
I&E FX Window  775.51-2.68%-73.09%
Parallel Market  955.002.55%-29.05%
Nigerian Treasury Bill (Average Yield %)7.83%0.18%27.73%
FGN Bonds (Average Yield %)14.66%0.01%24.03%
Gold  1,865.4-0.62%2.80%
Cocoa 3,455.000.41%32.59%
Cotton89.200.91%6.65%
  • Oil futures slid about 2% on Thursday, as traders took profits after prices earlier soared to 10-month highs and some worried that high interest rates may weigh on western economies and oil demand. On its second to last day as the front-month, Brent futures for November delivery fell US $1.65, or 1.7%, to US $94.90 a barrel by 1:51 p.m. EDT (1751 GMT). Brent December futures , which will soon be the new front-month, were down 1.6% to US $92.90 per barrel. U.S. West Texas Intermediate crude (WTI) fell US $2.20, or 2.4%, to US $91.48 per barrel
  • U.S. natural gas futures edged up about 1% to a nine-week high on Thursday on forecasts for more demand this week than previously expected. That increase came ahead of a federal storage report expected to show a near-normal build last week and forecasts for milder weather and less demand next week than previously expected.

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