What To Expect From The Markets This Week - 180819


Saturday, August 17, 2019 08:00 AM / Proshare Content

Nigeria: Economic Dashboard @170819  



Proshare Nigeria Pvt. Ltd.



Editor’s Pick 

Source: Vetiva Fixed Income Report–August 16, 2019


Market Commentary
With system liquidity currently constrained, the Interbank call rate advanced 629bps to settle at 18.00%.
Meanwhile, trading in the T-bills market was sell-side driven today, as average yields advanced 39bps (+123bps w/w). Of note, the yields on the 118DTM and 230DTM bills advanced 83bps and 200bps respectively, to settle at 14.48% and 15.05% respectively. In the bond market, trading remained bearish as rates inched up 9bps (+50bps w/w) on average. The 12.14% FGN JUL 2034 bond, saw its yield advance 13bps to settle at 14.49%, while the yield on the 12.40% FGN MAR 2036 bond moderated 35bps to settle at 14.07%.
Market Outlook
Evidenced by the continued advances in yields in both the T-bills and bond markets, investors remain bearish on the Nigerian economy. In addition, volatile energy prices will increasingly weigh on investors’ sentiment with regards to the Federal government’s ability to generate sufficient fiscal revenues. As such, we foresee a mixed session with a bearish tilt at the start of next week. 


Proshare Nigeria Pvt. Ltd.



Sunday, August 18, 2019

Agropreneur Nigeria will on this day hold its 32nd Annual International Conference at Ibadan, while the Chartered Institute of Taxation of Nigeria (CITN) will on the same day hold its 2nd Annual International Academic Conference on Taxation titled Taxation and Business sustainability at Babcock University, Ilishan-Remo, Ogun State.


MBA Forex And Capital Investment Limited will on this day hold its Bare to Blue banquet at D'Podium event centre Ogba, Lagos.



Monday, August 19, 2019

Data Science Nigeria will on this day commence its Batch 3 AI Summer School for Grades 5-9.


ISDS will on this day hold its 10th Annual Ibadan Sustainable Development Summit 2019 with the theme Building and Sustaining Strategic Partnerships for the Achievement of the Sustainable Development Goals at the University of Ibadan.



Tuesday, August 20, 2019

Nigeria Innovative Summit will on this day hold its 2019 Summit themed Accelerating Nigeria's Economic Growth through Innovation at Sheraton Hotel, Ikeja, Lagos, while IEEE PES & IAS will on the same day hold its 2019 Power Africa conference at CBN International Training Institute, Abuja, Nigeria.


International Breweries Plc will on this day hold its Annual General Meeting at Auditorium Green Legacy Resort, Presidential Road Boulevard Road, OkeMosan, Abeokuta, Ogun State.



Wednesday, August 21, 2019

Cornerstone Insurance Plc will on this day hold its Annual General Meeting at Muson Centre, Onikan, Lagos.


National Bureau of Statistics will on this day release The Annual General Meeting of National Examinations Council: Distribution of Results by State Gender and Subject (2018) & SECTORAL Distribution of Value Added Tax (Q2 2019).



Thursday, August 22, 2019

PWC in collaboration with Genevieve Magazine will on this day hold its workshop titled Growing your Business from Scratch to Cash at RadissonBlu Hotel, 38-40 Isaac John Street, Ikeja, Lagos.


Deap Capital Management & Trust Plc will on this day hold its Annual General Meeting at Heights Hotel, 1 General Ogomudia Boulevard, Off Road 47, Babatunde Anjous Street, Off Admiralty Way, Lekki Scheme 1, Lagos

National Bureau of Statistics will on this day release The Nigeria Gross Domestic Product Report (Expenditure and Income Approach) 2018, while the Nigerian-American Chamber of Commerce will on this day hold its breakfast meeting titled "Building Collapse and the Need for Re-certification" at  the Lagos Oriental Hotel,3, Lekki Road, Victoria Island, Lagos



Friday, August 23, 2019

Lafarge Africa Plc will on this day hold its Annual General Meeting at Grand Banquet Hall of the Civic Center, Ozumba Mbadiwe Road, Victoria Island, Lagos, just as Rak Unity Petroleum Company Plc holds its Annual General Meeting  at Agip Recital Hall, Muson Centre, 8/9 Marina, Onikan, Lagos.


The National Bureau of Statistics will on this day release the Selected Banking Sector Data: Sectoral Breakdown of Credit, epayment Channels and Strength (Q2 2019).



Saturday, August 24, 2019

National Bureau of Statistics will on this day release the Foreign Trade in Goods Statistics (Q2 2019)





Proshare Nigeria Pvt. Ltd.


Check out our Events Calendar for event details and follow us on Web, TV, APP and Social Media for updates as the week unfolds. Yours to Serve!


Proshare Nigeria Pvt. Ltd.



Contact for Details:

For further information, enquiry or submission of information, kindly email market@proshareng.com and research@proshareng.com Tel: 0700PROSHARE (070077674273). Call us NOW!



Latest Reports This Past Week

1.       5.61bn Litres of PMS Imported into Nigeria in Q2 2019 - NBS

2.      Average Price of 1kg of Tomatoes Decreased By -9.40% MoM to N226.07 in June 2019 - NBS

3.      Average Fare Paid For Bus Journey Inter City Increased By 0.17% MoM to N1,606.92 in June 2019 - NBS

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.




Latest Videos This Past Week

Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.        



View More Economy, Business, Finance, Investment, Creative Art Videos from WebTV Here 



Previous Week(s) Market Outlook

1.      What To Expect From The Markets This Week - 180819

2.     What To Expect From The Markets This Week - 120819

3.     What To Expect From The Markets This Week - 050819

4.     What To Expect From The Markets This Week - 290719

5.     What To Expect From The Markets This Week - 220719


 Proshare Nigeria Pvt. Ltd.


Related News

1.      Investors Lose N185.92bn WoW As NSEASI Dips By -1.40% To Close The Week Negative

2.     Investors Lose N14.71bn As NSEASI Dips By -0.11%

3.     Nigerian Stock Market Maintains Downtrend As NSEASI Dips By -0.82%


Proshare Nigeria Pvt. Ltd.


Read More - The Monthly Proshare CONFIDENTIAL   

1.       MTN Listing: Price Momentum Breaks on Rise In Traded Stocks; Proshare Writes Memo to Market

2.      Budget 2019: The Hidden Monsters

3.      Surviving Uncertain Times in the Nigerian Financial Market

4.      The Rich, The Poor and Buharinomics

5.      Nigerian Banks’ Performance – H1 2018

6.      AMCON and Financial Services Debt Burden in Nigeria

7.      Poverty Tracker and Nigeria: Raising The Red Flag

8.     POCKET Economics: Addressing Income Inequality

9.      The Silent Drug Epidemic: A Gathering Storm

10.  Judging IMF’s Position on Development Indices

11.   Money Market: The Folk Road

12.  The Headache of Missing Targets

13.  2018 Outlook on the Nigerian Economy: The Need for an Even Keel

14.  Nigeria External Economy and the White Noise of Import Dependency

15.   States and the Rising Weight of Debt

16.  Money Supply: Reeling from Policy Response

17.   How Rail and Energy Will Deliver a Robust Economy for Nigeria

18.  Too Big Government: The Hysteria of Developmental Quagmire

19.  The Nigerian Debt Conundrum and the Need for Automatic Stabilizers 

Related News