Key Highlights

• The equities market recorded positive performance – the listed equities market, NGXASI, recorded a gain of +6.88% WoW and the NASD OTC closed positive with a +0.01% gain.
• The IEFX rate closed positive and the NAFEX rate closed positive.
• The BDC rates closed negative.
• The Brent Crude Oil price moved down while WTI Crude Oil price moved down at the end of the week.
• The FMDQ Debt Market Size closed negative at the end of the week
• AFEX ACI closed flat while the AEI index closed negative

1. Equity

NSE                                                                                                  

• The NGXASI inched up by +6.88% W-o-W.
• On top gainer and loser sector indices, NSE INDUSTRIAL sector closed positive with +9.45% W-o-W while NSE Oil and Gas closed negative with -1.29% W-o-W.
• During the week, the Gote Index closed positive by 9.62% while the Toni Index closed positive by 2.64% W-o-W.

Chart 1: Market Performance

Source: NSE, Proshare Research 

NASD                                   

• The NASD USI closed positive with +0.01% gain W-o-W
• Market CAP closed positive with +0.01% gain W-o-W

Source: NASD Plc

For more updates on the Unlisted OTC market, visit the NASD Page

2. Bonds

Debt Market Size

The FMDQ Debt Market Size moved down by -0.17% to close at N29.90trn

3. Commodities

Global Commodities

• Brent crude oil prices moved down by -142% W-o-W to $85.11 per barrel
• WTI moved down by -0.66% W-o-W to $77.89 per barrel as at the time of writing this report. (05:11 pm)

AFEX Indices

ACI remained flat W-o-W to close at 455.71 and the AEI moved down by -2.94% W-o-W to close at 204.19

AFEX Commodities

Maize moved down by -3.30% to close at N248.14 and Paddy Rice moved up by +25.14% to close at N450.49

Source: AFEX

4. Forex

• The NAFEX closed positive and the IEFX rates closed positive.
• BDC Rate closed negative

5. Mutual Funds

For reports on Mutual Funds, kindly click here for updates from the Fund Managers Association of Nigeria.