What To Expect From The Markets This Week - 240619

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Saturday, June 22, 2019 08:00 AM / Proshare Content



Nigeria: Economic Dashboard @ 210619  

 

Proshare Nigeria Pvt. Ltd. 

 

 

 

Editor’s Pick 

Source: Vetiva Fixed Income Report– June 21, 2019

 

Market Commentary

Despite current market liquidity at 289.363 billion, the Interbank Call rate advanced 428bps to settle at 8.71% in today’s session.

 

Meanwhile, trading activity in the T-bills space was relatively negative, as average yield in the space advanced 6bps (-2bps w/w). However, in the bond space, trading was mixed with average benchmark yields declining 3bps (-10bps w/w).  

 

Market Outlook

Inflation data was released earlier in the week showing a 3bps increase m/m; however, this had minimal impact on investor sentiment. With the current level of system liquidity, we foresee an OMO auction in Monday’s session, leading to a negative close in the secondary market at the start of the week. With no discernable catalyst to boost investor sentiment, we foresee a mixed session in the bond market at the start of the week.


 

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Monday, June 24, 2019

 

The National Bureau of Statistics will on this day release the 2018 Food Security Survey (North East & amp: North West)  while the HASD Nigeria Renewable Energy Exhibition will hold on the same day at MountRoyal Centre Hotel, Lagos, Nigeria

 

The Nigerian British Chamber of Commerce (NBCC) will on this day hold its Oil & Gas Group Roundtable, with the theme: Extending the Local Content Concept to all Sectors of the Economy at Four Points by Sheraton Lagos, 2 Oniru Cheftancy Estate, Victoria Island, Lagos while the Arnergy Global Press Conference will hold on the same day with the theme: The Future of clean energy in Nigeria at Marina Hall, Radisson Blu, Victoria Island, Lagos.

 

Tuesday, June 25, 2019

The Institute of Director Nigeria will on this day hold the 2019 Fellows Luncheon & Governing Council Elections at Civic Center, Ozumba Mbadiwe Avenue, Victoria Island, Lagos, while the Coastal and Maritime Surveillance will hold on the same day at Four Points by Sheraton Lagos, Lagos.

 

Law Union and Rock Insurance Plc will on this day hold its Annual General Meeting at AGIP Recital Hall, Muson Centre, Onikan, Lagos, while the Digital Africa Conference will hold on the same day with the theme: Africa's Tech Renaissance: Positioning Africa for the Age of Abundance at Baze University, Abuja.

 

NEM Insurance Plc will on this day hold its Annual General Meeting at Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos, while the First Nigerian Bioinformatics Conference (FNBC) will hold on the same day with the theme: Bioinformatics in the Era of Genomics in Africa in Lagos, Nigeria at Nigeria Institute of Medical Research, 6 Edmund Crescent off Murtala Mohammed way, Yaba Lagos.

                                               

Notore Chemical Industries Plc will on this day hold its Annual General Meeting at Staff Canteen, Notore Industrial Complex, Onne, Rivers State., while the Handmaidens Women in Leadership will hold on the same day with the theme Leading women Building Legacies at Eko Hotel Victoria Island Lagos.

 

The National Bureau of Statistics will on this day release the Job Creation and Labor force statistics: Unemployment and underemployment (Q4 2018-q1 2019) while the British Nigeria Law Forum will hold on the same day with theme: Trend Redefining the Finance Industry: from a Regulatory and Legal Perspective at the Lagos Court of Arbitration, Lekki, Lagos State, Nigeria.

 

The West Africa Gold Conference will hold on this day with theme: Strengthening the Region's Gold value chain, enabling relevant policies and market infrastructure for the gold ecosystem at Eko Hotel & Suites, Victoria Island Lagos, while Enhancing Financial Innovation & Access (Efina) will on the same day hold EFINA Agent Network Business Breakfast at Eko Hotel & Suites, Victoria Island Lagos.

 

 

Wednesday, June 26, 2019

UAC of Nigeria Plc will on this day hold its Annual General Meeting at Arthur, Mbanefo Hall, Golden Tulip Hotel, Amuwo Odofin, Lagos, while Nigerian-American Chamber of Commerce (NACC) will on the same day hold a Leadership Development & Team Building Training at Bervidon Training Centre 3B Hakeem Dickson Street Lekki Phase 1, Lagos.

 

Jaiz Bank Plc will on this day hold its Annual General Meeting at Shehu Musa Yar’Adua Center, No. 1, Memorial Drive, Abuja, while the Institute of Chartered Accountants of Nigeria will on the ICAN MCPE Information Technology Sector training at Lagos Airport Hotel, Ikeja.

 

Union Diagnostic & Clinical Services Plc will on this day hold its Annual General Meeting at Conference Hall, Monty Suits, 37 Edet Akpan Avenue, Uyo, Akwa Ibom State, while the 13th Annual Business Law Conference will hold on the same day with the theme: Growth, Investment, and Employment: Beyond Rhetoric at Eko Hotel & Suites, Victoria Island Lagos.

 

Ikeja Hotels Facts Behind the Listing will hold on this day at NSE, Marina

 

 

Thursday, June 27, 2019

Total Nigeria Plc will on this day hold its Annual General Meeting at the Grand Banquet Hall, The Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos, while the Nigeria Build Expo Construction & Building Exhibition will hold on the same day at Landmark Center Victoria Island Lagos.

 

Tantalizers Plc will on this day hold its Annual General Meeting at Silas Daniyan Hall, Golden Tulip Hotel, Amuwo Odofin, Mile 2, Lagos, while the Chartered Institute of Personal Management of Nigeria will on same day hold a training on CIPM Training on Strategic Risk Management in HR at CIPM House, CBD, Alausa, Ikeja, Lagos.

 

Medview Airline Plc will on this day hold its Annual General Meeting at Classique Event Centre, Kudirat Abiola Way, Lagos, while the Institute of Directors will on the same day hold its Annual General Meeting at 8 Cameron Road, Off Alfred Rewane Road, Ikoyi, Lagos.

 

The Nigerian-South Africa Chamber of Commerce (NSACC) will on this day hold its Breakfast Meeting with the theme: Managing Cyber Security Risks In Today’s Business Organizations at ORCHID HALL, Eko Hotel & Suites, Adetokunbo Ademola Street, Victoria Island, Lagos.

 

 

 

Friday, June 28, 2019

The National Bureau of Statistics will on this day release the Federation Account Allocation Committee (FAAC) April 2019 Disbursement Report, while the Africa Edtech Fair Lagos 2019 will hold on the same day with the theme: The Future of Education Technology at  Muson Centre, Onikan, Victoria, Island, Lagos.

 

Olashore International School 25th Anniversary Lecture will hold on this day with the theme: Leadership and Social Change: Developing 21st Century Leaders for Africa at MUSON Center, Onikan Lagos, while the Fintech and Blockchain West Africa Summit 2019 will hold on the same day at Landmark Event Centre, Plot 2 & 3, Water Corporation Drive, Victoria Island, Lagos, Nigeria.

 

The Convention on Business Integrity will hold the 7th Annual Christopher Kolade Lectre on Business Integrity at the Lekki Coliseum, Lagos State.

 

  

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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). Call us NOW!

 

 

Latest Reports This Past Week

1.       Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in May 2019 - NBS

2.      Average Fare Paid For Bus Journey Within City Decreased By -2.74% MoM to N176.28 in May 2019 - NBS

3.      8.57m Workers Are Registered Under The Pension Scheme As At Q1 2019 - NBS


 

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