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What To Expect From The Markets This Week - 270519

Market Updates	4958 VIEWS
Market Updates
4958 VIEWS

Saturday, May 25, 2019 07:30 AM / Proshare Content

Nigeria: Economic Dashboard @ 240519

Editor’s

Source: Vetiva Fixed Income Report– May 24, 2019

Market Commentary

Despite the lack of mop-up activity by the CBN, the Interbank call rate advanced 128bps to settle at 11.14%.

Meanwhile, trading in the secondary T-bills market turned negative, with a mixture of heavy profit taking observed at the mid-to-long end of the space, and buy-side activity at the shorter-end. Overall, average yields advanced 25bps d/d, marking a bearish close to a fairly positive week where yields declined 5bps lower w/w. The bond space also traded negative, with benchmark yields advancing 6bps d/d. However, due to mixed activity during the week, benchmark yields closed flat w/w.

Market Outlook

The CBN is scheduled to hold a PMA next Wednesday, with ?67 billion on offer. Given the trend observed in T-bills yields this week, we expect sentiment to be mixed, as system liquidity remains tight. Meanwhile, we foresee a quiet start to trading in the bond space, with investor interest on longer-term bonds likely to persist.

Monday, May 27, 2019

The 2019 Africa Emotional Intelligence Conference will hold on this day at Sheraton Lagos Hotel, Lagos.

Tuesday, May 28, 2019

The National Bureau of Statistics will on this release the Household Consumption and Expenditure Q1 2019 while Courteville Business Solutions Plc will on the same day hold its Annual General Meeting at 38, Commercial Avenue, Sabo, Yaba, Lagos.

Nestle Nigeria Plc will on this day hold its Annual General Meeting at MUSON Centre, Onikan, Lagos while the Chartered Institute of Personal Management will on the same day hold the Retirement Readiness Programme at CIPM House, Lagos.

Ikeja Hotel Plc will on this day visit the Nigerian Stock Exchange while the Embassy of France in Nigeria will on the same day hold its Breakfast Debate on International Day of Action for Women's Health in Abuja.

Wednesday, May 29, 2019

The African Development Bank will on this day hold a seminar on Africa's Economic Development & Financing Trends at the Seoul National University.

Thursday, May 30, 2019

The National Bureau of Statistics will on this day release the Q1, 2019 Terms of Trade Report while Portland Paints and Products Plc will on the same day hold its Annual General Meeting.

The Nigerian South Africa Chamber of Commerce will on this day hold its May Breakfast Meeting at IRIS HALL, Eko Hotel & Suites, Victoria Island, Lagos while the Tourism and Technology Summit will hold on the same day at Oriental Hotel Lekki Lagos, Lagos.

May & Baker Plc will on this day hold its Annual General Meeting at Agip Hall, MUSON Centre, Onikan, Lagos while the Chain Reaction 2019 Elderman Trust Barometer will hold on the same day at Eko Hotel & Suites, Victoria Island Lagos.

Friday, May 31, 2019

Livestock Feeds Plc will on this day hold its Annual General Meeting at Arthur Mbanefo Hall, Golden Tulip Festac, Amuwo-odofin, Lagos State while the Nigerian Bureau of Statistics will on the same day release the Statistical Report on women and Men in Nigeria 2018.

Saturday, June 01, 2019

Techpoint Africa will on this day hold the Largest Tech Conference in West Africa at Pistics Conference Centre, Lekki Epe, Lagos while Digital Marketing Enterprise Program will hold on the same day at Apapa-Oshodi Express Way #110 Lagos.

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!

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!

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