What To Expect From The Markets This Week - 100619


Saturday, June 08, 2019 07:40 AM / Proshare Content

Nigeria: Economic Dashboard @ 070619  




Proshare Nigeria Pvt. Ltd.



Editor’s Pick 

Source: Vetiva Fixed Income Report– June 07, 2019


Market Commentary
The CBN held off on conducting an OMO auction today, even as system liquidity currently stands at N249.34 billion. The Interbank Call rate advanced by 500bps to 10.00%.
Trading activity in the secondary T-bills market was largely sell-side driven today, with activity concentrated at the mid-long end of the spectrum. Overall, average yield in the T-bills space advanced 25bps at close of trade.  Meanwhile, trading in the bond space was relatively quiet, as average bond yield advanced 9bps.   
Market Outlook
With system liquidity at a decent level of N249 billion, we expect slightly improved sentiment in the T-bills market at week open. However, we expect mixed to negative trading for the remainder of the week as market participants keep an eye on the PMA scheduled to hold on Thursday.




Proshare Nigeria Pvt. Ltd.



Monday, June 10, 2019

Wapic Insurance Plc will on this day hold its Annual General Meeting at the Federal Palace Hotel, VI Lagos while the Africa Hotel Investment & Operations Conference 2019 will hold on the same day at MT MERU Hotel, Arusha, Tanzania.


The National Bureau of Statistics will on this day release the Foreign Trade in Goods Statistics (Q1 2019) while the Nigerian-British Chamber of Commerce will on this day host the 2019 Trade Mission to the United Kingdom, with the theme: Technology and the future of Business at Institute of Director, 116 Poll Mall, London.


Tuesday, June 11, 2019

Oando Plc will on this day hold its Annual General Meeting at Zinnia Hall, Eko Hotels and Suites, Victoria Island, Lagos while the 2nd edition of the IE Africa Center forum will hold on the same day at Oriental Hotel, Lagos.


Union Bank of Nigeria Plc will on this day hold its Annual General Meeting at the Grand Ballroom, Civic Centre, Lagos while the Institute of Directors Nigeria will on the same day hold the 2019 New Members' Induction at Eko Hotel & Suites, Victoria Island Lagos.


The Economic and Financial Crimes Commission will on this day hold the Inauguration Anti-Corruption Summit at Transcorp Hilton Hotel Abuja.



Wednesday, June 12, 2019

The Executive Launch for UPG 2019 will hold on this day in Lagos.


Thursday, June 13, 2019

The Chartered Institute of Taxation of Nigeria will on this day hold  its 27th Annual General Meeting at Plot 16, Otunba Jobi Fele Way, Central Business District, Alausa - Ikeja, Lagos while the  Atinuda Experience will hold on the same day at Harbour Point, 4 Wilmot Point Road, Victoria Island.

NASCON Allied Industries Plc  will on this day hold its Annual General Meeting at Civic Centre, Victoria Island, Lagos while Okomu Oil Palm Plc will on the same day hold its Annual General Meeting at Transcorp Hilton Hotel, Abuja.


Eterna Plc will on this day hold its Annual General Meeting at Agip Recital Hall, Muson Centre, Onikan, Lagos.


Saturday, June 15, 2019

The National Bureau of Statistics will on this day release the Premium Moto Spirit (Petrol), Price WATCH May 2019, while the Hospitality Industry Conference will be hold the same day with the theme Shaping the future of Hospitality in Nigeria at The Civic Center, Victoria Island, Lagos.



 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.      Banking Sector Records 557.08m Volume of Transactions in Q1 2019 – NBS

2.      723,995 Passengers Travelled Via Rail in Q1 2019 - NBS

3.      NBS Publishes Additional 11 States Nominal GDP From 2013 to 2017

4.      N289.04bn Generated as VAT in Q1 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 - 030619 

2.     What To Expect From The Markets This Week - 270519

3.     What To Expect From The Markets This Week - 200519

4.     What To Expect From The Markets This Week - 130519

5.     What To Expect From The Markets This Week - 060519



Proshare Nigeria Pvt. Ltd.



Related News

1.      Investors Lose N178.21bn As NSEASI Dips Further By -1.30%

2.     NSEASI Dips By -0.45% As Market Maintains Negative Posture; ASI Closes Below 31,000bpts


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