📊 Weekly Market Recap 08–12 June 2026
#Gold, #WTI Oil, #Silver, and #USDCAD ended the week under downside pressure.
As a new trading week begins, traders continue to watch key levels for signs of continuation or reversal.
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Here are some of the key takeaways featured in this week's market update:
- AI investment continues to accelerate, with spending nearing $1 trillion.
- The job market remains resilient.
- Business investment and AI infrastructure demand stay strong.
- Coca-Cola gained 6.13%.
- The Financials sector led gains while the Value strategy continued to outperform.
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Sources: Bloomberg (June 11, 2026), Optimize Asset Management (June 11, 2026)
Nigeria attracted a record $10.4bn in foreign capital in Q1 2026, up 83.8% y/y, driven largely by portfolio flows (95% of total inflows).
Strong numbers, but the composition tells a more important story.
Here’s our quick take👇
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The Monetary Policy Committee held rates steady, fixed income demand remained strong, and the equities market appears headed for a bearish close this week.
So, what exactly is the market telling us?
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At the latest Treasury Bills auction, investor demand remained strong, with total bids hitting ₦2.4tn against the ₦700bn offered by the CBN.
Here’s our take. 👇
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Nigeria’s inflation rate rose to 15.38% y/y in March 2026 - its highest level in over 20 months.
While the uptick appears modest at first glance, the bigger concern is the sharp acceleration in month-on-month price pressures.
Here’s our take!
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FTSE Russell’s planned reclassification of Nigeria back to Frontier Market status marks a major positive signal for Nigerian equities.
With FX and repatriation bottlenecks easing, investor sentiment is improving - NGX-ASI up 0.7% WTD (as of April 9th).
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Global equities closed the month in the red - MSCI world index down 7.2% m/m.
Meanwhile, the Nigerian equities gained 4.4% to be one of only 3 gainers in our global coverage.
For more insights on the market drivers & outlook, click zc.vg/M9zF6?m=0#WeeklyMarketRecap
Nigeria attracted $23.2bn in offshore capital in 2025 - the highest level since 2019.
Capital inflows rose 26.6% y/y to $6.4bn in Q4, bringing the 2025 total to $23.3bn (our forecast: $23.3bn).
For deeper insights, watch out for our weekly report later today.
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