It was a rather quiet on the Exchange last week. Prices of all commodities remained the same except Sorghum and cocoa. As a result of the price movement in the open market, there was also a reflective decline in the price of Paddy Rice.
The Nigerian Treasury Bills ("NT-Bills") secondary market reversed its bullish run last week, as investors took advantage of price appreciations in the proceeding weeks. Consequently, yields in the market gained 18bps W-o-W on average to close at 5.38% (from 5.20% the previous week).