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.

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Treasury Bills

Average treasury bills yield closed at 12.84%. There was no Primary Market Auction (PMA) held this week.

Bonds

Standard chartered

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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