What To Expect From The Markets This Week - 010719

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Saturday, June 29, 2019 07:40 AM / Proshare Content


Nigeria: Economic Dashboard @ 280619  

 

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Editor’s Pick 

Source: Vetiva Fixed Income Report– June 28, 2019

 

Market Commentary

With system liquidity still fairly healthy, the Interbank Call rate declined by 50bps to 4.00%. 

Meanwhile, trading was relatively positive in the T-bills secondary market, with buying pressure observed at the mid to long end and average yield on T-bills declining by 5bps (-32bps w/w). Trading in the bond market was also positive, with average yield on benchmark bonds declining by 17bps (-34bps w/w). Notably, buying activity observed on the 16.39% FGN JAN 2022 bond, which saw a 90bps decline in its yield. 

 

Market Outlook

Next week, investors will continue to purchase secondary market notes and bonds, should the CBN continue to hold off on conducting OMO auctions. Therefore, we foresee a mixed session on Monday with a bullish tilt in both the T-bills and bond markets.

 

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Monday, July 01, 2019

The Nigeria Oil & Gas Conference & Exhibition will hold on this day at the Abuja International Conference Centre, while the Cyber Security Awareness Training holds on the same day at Valencia Hotel, Abuja, Nigeria’.

 

The National Bureau of Statistics Release will on this day release the Demographics Statistics Bulletin 2018.

 

 

Tuesday, July 02, 2019

The Nigerian Export Summit 2019 will hold on this day at the Civic Centre, Victoria Island, Lagos, while the Nigerian Medical Association (Lagos State Chapter) will on the same day hold its Annual General Meeting at Radisson Blu Hotel, GRA Ikeja, Lagos.

 

The CIIA Council Meeting will hold on this day at Capital, 3, Maitama Sule Street, Ikoyi.

 

 

Wednesday, July 03, 2019

The PAC Forum will hold on this day with the theme: The Earth, Our Business, and Our Future at Oriental Hotel, Lagos, while UACN Property Development Company Plc will on the same day hold its Annual General Meeting at Arthur, Mbanefo Hall, Golden Tulip Hotel, Amuwo-Odofin, Lagos.

Phillips Consulting Limited will on this day hold the 2019 Digital Learning Breakfast Roundtable with the theme:  Raising the Digital Intelligence in Today's Workforce. 

 

Thursday, July 04, 2019

The Women in Management, Business and Public Service (WIMBIZ) will on this day hold the WIMBIZ Lagos Roundtable Lunch with the theme: Achieving Goals with the 'Force of Passion' with Stella Fubara at Victoria Island, Lagos, while the NEEIS2019: The Education Innovation Summit will hold same day with the theme:  Strengthening Education Systems: Delivering Effective Teaching and Learning at Lagos, Nigeria.

The Beta Glass Plc  will on this day hold its Annual General Meeting at Federal Palace Hotel, 6-8, Ahmadu Bello Way, Victoria Island, Lagos.

 

Friday, July 05, 2019

The Blockchain for Lawyers 101 event will hold on this day at Lagos State Chamber of Commerce & Industry Ikeja, Lagos Nigeria.

 

 

Saturday, July 06, 2019

The Nigerian Stock Exchange will on this day hold the NSE Corporate Challenge at Muri Okunola Park, Victoria Island, 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). Call us NOW! 


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