MARKETS ROUNDUP - July 20, 2007                  
                           
Nigerian Stock Market                          
  Value Day chg (%) YTD chg (%)*                    
Market Cap. (N'b)                    7,854.94 (0.54) 85.96                    
NSE All-Share Index                  51,084.75 (0.54) 54.04                    
                           
  Today Previous trading day                      
Volumes traded (m)                       603.94                  548.37                      
Value traded (Nm)                    9,263.21               7,155.24                      
                           
                           
                           
Nigerian Money Market                          
NIBOR Rates (as at July 20, 2007)     Treasury Bills Discount Rates  (Latest Quotes)                
7-day NIBOR (%)                     11.5833   91-day T-Bills (%)                         6.120                  
30-day NIBOR (%)                     13.7917   182-day T-Bills (%)                         6.209                  
60-day NIBOR (%)                     13.4167   364-day T-Bills (%)                         7.740                  
90-day NIBOR (%)                     13.5417                        
                           
                           
Exchange Rate (NGN/USD)     3rd FGN Bonds (2006)                   
CBN Offer                       125.88     Maturity date Coupon rate(%)                
Inter-bank                       127.16   Series 1(N25bn) Jan. 27, 2009                      15.00                
      Series 2(N10bn) Feb. 24, 2009                      12.50                
      Series 3(N20bn) Feb. 24, 2011                      14.50                
      Series 4(N10bn) Mar. 31, 2009                      12.25                
      Series 5(N20bn) Mar. 31, 2011                      14.25                
      Series 6(N10bn) Apr. 28, 2009                      12.00                
      Series 7(N20bn) Apr. 28, 2011                      13.50                
      Series 8(N10bn) May 26, 2011                      12.00                
      Series 9(N10bn) May 26, 2013                      15.00                
      Series 10(N20bn) June 30, 2013                      16.00                
      Series 11(N20bn) July 28, 2009                      12.50                
      Series 12(N20bn) Aug. 25,2009                      12.00                
      Series 13(N26bn) Sept. 29, 2011                      12.99                
      Series 14(N10bn) Oct.  25, 2013                      12.74                
      Series 15(N10bn) Nov. 24, 2013                      10.98                
      Series 16(N10bn) Dec. 24, 2013                      11.99                
                           
      4th FGN Bonds (2006)                   
        Maturity date Coupon rate(%)                
      Series 1(N40bn) Jan. 24, 2010                      10.75                
      Series 2(N35bn) Feb. 21, 2012                        9.50                
      Series 3(N35bn) Mar. 28,2014                      10.75                
      Series 4(N65bn) Apr. 27, 2010                        9.00                
      Series 5(N50bn) May. 25, 2012                        9.23                
      Series 6(N45bn) June. 29, 2014                        9.20                
                           
Market Analysis                
The market experienced a downward trend today,Friday, 20/07/2007 evidenced by a reduction in the market's crucial indicators.The NSE All Share Index and Market Capitalization both went down by 0.54% to close at  51, 084.75 points and N7.854 trillion respectively. The market's activities however went up, compared to yesterday's closing figures as there was an increase in both the volume and the value of transactions traded.