What To Expect From The Markets This Week - 290419


Saturday, April 27, 2019 08:00 AM / Proshare Content

Nigeria: Economic Dashboard @ 260419  



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Editor’s Pick 

Source: Vetiva Fixed Income Report– April 26, 2019


Market Commentary

Whilst the CBN continued to hold-off on OMO auctions today, system liquidity moderated, following an FX auction. Accordingly, the Interbank Call rate advanced 10.29% d/d to settle at 16.43%.
Meanwhile, trading in the secondary T-bills market turned mixed with a positive tilt. Particularly, buy interest was concentrated on the mid-dated bills and yields in the space declined 2bps on average. Meanwhile, sell pressure persisted in the bond space amidst weak investor interest. Notably, the yields on benchmark bonds advanced 7bps on average. Overall, whilst trading in the T-bills market was mostly positive this week (declined 24bps on average w/w), yields advanced on average benchmark bonds (up 11bps on average w/w).

Market Outlook 

While we expect the CBN to further hold off on OMO auctions at week open, we foresee another mixed trading session in the T-bills space as another round of FX auctions constrain liquidity. Conversely, we expect mild sell-offs in the bond market as investors continue profit-taking. 



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Sunday, April 28, 2019

The Nigerian - American Chamber of Commerce 2019 Trade Mission to Silicon Valley will commence on this day with the theme: Turning Promises to Action at Silicon Valley, San Jose, CA, USA while the 2019 GTBank Food and Drink Festival will commence on the same day at Plot 1, Water Corporation Drive, Oniru, Lagos.



Monday, April 29, 2019

The Honorable Minister for Industry, Trade and Investment will on this day visit the Nigerian Stock Exchange at Stock Exchange House while the Institute of Chartered Accountant will on the same day hold its 1st Accounting Technology Summit ACCOUNTEKS at Lagos Oriental Hotel, Victoria Island, Lagos. 



Tuesday, April 30, 2019

Central Securities Clearing Securities Plc will on this day hold its Annual General Meeting at Lagoon Restaurant Lagos Nigeria while the Advertising Practioners Council of Nigeria (APCON) will on the same day hold the Launch Beacon for Advertising Practitioners at NAN Media Centre, National Theatre Annex, Iganmu, Lagos.


Wednesday, May 1st, 2019

Data Science Nigeria will on this day commence its training on Career Development Seminar – Building a world-class AI career & Pre-Bootcamp 100 days of Machine Learning and Deep Learning.


Thursday, May 2nd, 2019

The National Bureau of Statistics will on this day release the Road Transport Data (Q1 2019) & Telecoms Data while Kolobox in Partnership with Rarare  will on the same day hold its 1st ever Socio-Investing series at Workstation Victoria Island Lagos.

Capital Hotel Plc will on day hold its Annual General Meeting at Conference Centre, Ladi Kwali Hall Sheraton Abuja Hotel while Phillips Consulting will on the same day hold training on Customer Management.



Friday, May 3rd, 2019

FBN Holdings Plc  will on this day hold its Annual General Meeting at the Grand Ball Room, Oriental Hotel, 3 Lekki – Epe Expressway, Victoria Island, Lagos while Nigerian - American Chamber of Commerce 2Day Practical Agro-Commodity Export Masterclass will hold on the same day with the theme:  A Journey through the Value Chain, Finance, Sourcing, Logistics, Warehousing, Shipping & Getting Paid at Multimix Global learning Center, 3/5 Imam Dauda Street off Eric Moore Road by Sunflag, Surulere, 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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