What To Expect From The Markets This Week - 160718


Saturday, July 14, 2018 08:00 AM / Proshare Content


Nigeria: Economic Dashboard @ 130718

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From the Editor’s Desk                                        

The National Bureau of Statistics will on July 23, 2018 make available the headline inflation figures for the month of June 2018. As the market anticipates the figures, we look forward to witnessing the headline inflation maintain its current downward trajectory to about 10.7% in June 2018 and 9.8% in July 2018; therefore underlining the weaning base, coupled with the relatively fiscal lag.  Meanwhile, Money supply remains relatively muted in our adjusted ARIMA model.  

Fig 1: Inflation

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Source: NBS, Proshare Research


As price movement completes a dial back to single digit in the month of July, clinching the Central bank’s sweet spot, we see an inevitable claw back in inflation premium, as Treasury bill rate dampens in reaction to falling inflation and rising real interest rate. Meanwhile, the lower discount cash flow applied on government security coupled with dwindling inflation provides a leg room for corporate debentures as well.


Fig 2: Debentures

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Source: NSE, Proshare Research


News Post:  Poverty Tracker and Nigeria: Raising The Red Flag 

Read the Full Report HERE

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Monday July 16, 2018

The Management of the Chartered Insurance Institute of Nigeria (CIIN) will this day visit the Nigerian Stock Exchange and sound the Closing Gong. 

The 12th Edition of the International Housing Show will kick off this day in Abuja, while the Creative Nigeria Conference commences with the theme “Content: the future of Nigerian Film and Television in a Digital Era”.

Tuesday July 17th, 2018

The Federal Reporting Council of Nigeria (FRCN) will this day hold a Public Hearing on the new Code, Exposure Draft (ED) of Nigerian Code of Corporate Governance, NCCG 2018 in Kano, while the Chartered Institute of Taxation of Nigeria (CITN) holds a Seminar on the 2018 Budget titled “Meeting Expectations of 2018 Budget: Role of Stakeholders" in Abuja. 

The Management of the Pension Fund Operators Association of Nigeria (PenOp) will this day visit the Nigerian Stock Exchange and sound the Closing Gong. 

The United Nations Economic Commission for Africa will hold its Inception meeting for Project Launch this day in Abuja, with the theme “Demographics dividend with a Gender Dimension”, while the 27th Nigeria Computer Society National Conference holds in Ibadan. 

The GTBank 8th Annual Autism Conference will hold this day in Lagos.

Wednesday July 18, 2018

Nevitt Consulting will this day hold its Human Resource Business Partner Workshop, while the United Nations Association of Nigeria hosts the a Seminar to mark the 2018 Nelson Mandela Centenary Celebration in Lagos.                                                                                                       

Thursday July 19, 2018

The Nigerian American Chamber of Commerce (NACC) will hold its July Breakfast meeting this day in Lagos, while the 2018 Women Power Launch holds with the theme “Smart Economies: Empowering Women In a Changing World”                                                        

The second leg of the Dubai Africa Partnership for Better Health Roadshow will kick off this day in Lagos.

Friday 20th July, 2018

The Nigeria Aviation Handling Company Plc, Niger Insurance Plc and Portland Paints and Products Nigeria Plc will hold their Annual General Meeting this day in Abuja and Lagos, respectively. 

The New Media Conference with the theme “Connecting the Dots” will hold this day in Lagos.

Saturday, July 21, 2018

A Summit on Investment Opportunities in Nigeria Stock Market organised by the Catholic Youth Empowerment Initiative of Holy Family Catholic Church, Festac will hold this day in Lagos.

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 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!


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Contact for Details:

For further information, enquiry or submission of information, kindly email market@proshareng.com and research@proshareng.com Tel: 0700PROSHARE (070077674273). We are waiting to hear from you!


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Latest Reports This Past Week

1.      Proshare Confidential Report – June 2018


2.     H1:2018 Review and H2:2018 Outlook - AFRINVEST



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Previous Week(s) Market Outlook  

1.      What To Expect From The Markets This Week - 090718

2.     What To Expect From The Markets This Week - 020718

3.     What To Expect From The Markets This Week - 250618

4.     What To Expect From The Markets This Week - 180618



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