UPDATE 1-Nigerian stocks drop 1.37% to three-month low By Reuters

Commodities Week Ahead: Oil, Gold to Stay Volatile as Eyes Next on Fed’s Powell

UPDATE 1-Nigerian stocks drop 1.37% to three-month low

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UPDATE 1-Nigerian stocks drop 1.37% to three-month low

DANGCEM

-0.71%

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NGSEI...

-0.13%

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MTNN

+0.79%

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BUACE...

-9.95%

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(Adds details, background)
By Chijioke Ohuocha
ABUJA, March 19 (Reuters) - Nigerian stocks dropped to a
three-month low on Friday after heavily-weighted cement
companies fell as a weak economic outlook caused investors to
sell equities, traders said.
The all-share index .NGSEINDEX , which rose 50% in 2020,
shed 1.37% on Friday, the most in one day since December.
Equities have been losing ground as yields on Treasury bills
are set to rise. Last week, stocks fell to a 10-week
low. Nigeria faces stagflation as food prices rise, heaping
financial pressure on households already faced with a shrinking
labour market and a slow-growing economy at a time of mounting
insecurity. Shares in 11 companies fell on Friday, while 26 advanced and
another 100 recorded no trades.
BUA Cement BUACEMENT.LG shed 6.42% while Dangote Cement
DANGCEM.LG , the biggest listed firm, fell 3.42%. MTN Nigeria
MTNN.LG , the second biggest listed firm, dropped 1.81%.

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NSE 30	1,952.20	-0.12	-0.01%
NSE All Share	54,299.76	-67.98	-0.13%
US 30	33,774.5	-116.5	-0.34%
US 500	4,097.6	-13.5	-0.33%
FTSE 100	7,849.62	+12.91	+0.16%
DAX	15,286.85	-59.06	-0.38%
South Africa Top 40	73,439.91	-49.46	-0.07%

Brent Oil	82.10	+1.11	+1.37%
Crude Oil WTI	75.52	+1.41	+1.90%
Gold	1,880.45	+0.95	+0.05%
Silver	22.168	-0.069	-0.31%
Copper	4.0083	-0.0267	-0.66%
London Cocoa	2,020.00	+2.00	+0.10%
London Wheat	227.05	0.00	0.00%

Nigeria 10Y	14.155	0.000	0.00%
Nigeria 2Y	7.983	0.000	0.00%
U.K. 10Y	3.3330	+0.0890	+2.74%
Germany 10Y	2.3165	+0.0325	+1.42%
U.S. 10Y	3.645	+0.013	+0.37%
U.S. 5Y	3.8144	+0.0004	+0.01%
U.S. 2Y	4.4519	-0.0040	-0.09%

Access Bank	10.00	+0.00	+0.00%
Zenith Bank	25.00	-0.10	-0.40%
UBA	8.40	-0.05	-0.60%
FBN Holdings	11.90	-0.05	-0.42%
Guaranty Trust Holding	25.25	+0.15	+0.60%
Sterling Bank	1.530	-0.080	-5.00%
Dangote Cement	266.00	-1.90	-0.71%

UPDATE 1-Nigerian stocks drop 1.37% to three-month low

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