While equity markets witnessed an uptrend, foreign exchange rates where largely flat.
Cryptocurrency markets declined slightly. Here is a rundown of how the various financial markets fared this week.
Equities market
The Nigerian Stock Exchange (NSE) All Share index closed at 38,669,23 basis points, up 5.03%.
The index has bounced to positive territory, up 1.11% year to date. 1.74 billion shares worth N34 billion were traded in 24,604 deals this week.
Japaul Oil and Maritime was the highest gaining stock this week with a 40.91% gain.
Closely on its trail is Prestige Assurance which went up by 39.58%, following the conclusion of a share reconstruction exercise.
NPF Microfinance Bank was the biggest loser this week, declining by 14.51%. Next on the losers’ table, was Consolidated Hallmark Insurance, which went down by 12.91%.
Julius Berger Plc, LASACO Assurance Plc, NEM Insurance, NPF Microfinance and B.O.C gases were all marked down following dividend payments.
Treasury Bills
Average treasury bills yield closed at 12.84%. There was no Primary Market Auction (PMA) held this week.
Bonds
Bond yields closed at 13.12%.
Crude Oil Prices
Crude oil Prices closed at $76.95 a barrel.
Foreign Exchange
The Central Bank of Nigeria (CBN) sold a total of $155 million this week, 26.1% lower than last week’s sale.
The CBN spot exchange closed the week up N0.05 at N305.95.
The Investor and Exporter window exchange rate dropped by 0.01% to N360.91.
Parallel market rate was unchanged at N362 to the dollar.
Cryptocurrency
Bitcoin (BTC) opened the week at $7,712 and is currently trading at $7,650.98 as at the time of this report, down by 0.79%.
Ethereum (ETH) opened Monday at $617.21 and is currently trading at $598.91 down 2.96%.
Total market capitalization opened Monday at $350 billion and, as at the time of this of this report was $342 billion, down by 2.28%.
Bitcoin dominance increased from 37.53% to 38.19% as at the time of this report.
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