What To Expect From The Markets This Week - 030918

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Saturday, September 01, 2018 2:00PM / Proshare Content


Nigeria: Economic Dashboard @ 310818

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From the Editor’s Desk

The total number of individuals registered under the Pension Asset and Scheme Act stood at 8.13 million at the end of the second quarter of 2018, reflecting a 7.11% increase compared to the previous quarter. The rise in membership was largely due to an increase in state and private membership by 5% and 3%, respectively.

At the same time, the total asset within the purview of the pension asset management stood at N8.23 trillion at the end of second quarter of 2018, reflecting a 3.6% increase compared to the previous quarter. The increase was largely driven by an increase in government securities as it rose from N5.589 trillion at the end of first quarter 2018 to N5.823 trillion, thus reflecting a 4.2% increase in government securities.

This dynamic further widened the weight of federal government security as a whole from 70.37% to 70.5%.  Therefore both policy response and the underlining fundamentals further embolden concentration in the asset class under review.  It also highlights the captive nature of the money market. In the same vein, corporate bonds also increased from N390.44 billion to N408.96 billion, thus reflecting an increase by 4.67%. 

The breather from short circuiting the domestic money market space by the fiscal side and hunt for higher rates sweetened the appetite for corporate bonds. Thus lifting the weight held by corporate bonds slightly from 4.92% to 4.96%.  Local  money  market securities also rose from  N651 billion at  the  end  of  the  first  quarter of 2018  to  N736 billion,  the 1.13% increase was  as a result of  replenishing  short term security.  Thus the weight of local money market securities buffered from 8.2% to 8.95%.

Domestic equity class, fell from N734 billion in the first quarter of 2018 to N709.15 billion at the end of the second quarter of 2018.  The 3.3% shave in the domestic equity class pinpointing to the current bloodletting in the equity market. This eventually puts  the  equity asset  class  on  a back  foot the weight held is diluted from 9.25% to 8.62%  However, the  foreign ordinary shares asset class  rose from  N60.805 at the end of the first quarter of 2018 to N61.37 billion at the end of the second quarter.

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Source: NBS

 

News Post:   8.13m Workers Are Registered Under The Pension Scheme As At Q2 2018 - NBS

Read the Full Report HERE

 

 

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Proshare Confidential

Monday, September 03, 2018

University Press Plc, will this day be marked down by the NSE; having declared a dividend of N0.15 in the preceding week.       

The National Bureau of Statistics (NBS) is scheduled to release the Foreign Trade Goods Statistic for Q2, 2018.

Japan, China, Spain, the United Kingdom and European Union will this day release their Manufacturing PMI Report for August 2018.

Tuesday, September 04, 2018

Northern Nigeria Flour Mill will hold its Annual General Meeting this day in Kano, while the National Bureau of Statistics (NBS) is scheduled to release the Lagos Force Statistic Report for Q4 2017 and Q1 2018

The Young Africa Initiative (YALI) will this day commence its “Accountability & Transparency Summit 2018” in Abuja, while the Nigeria International Agro Chemical and Agro Equipment Expo commences on the same day in Kano.

Pearl Awards Nigeria will inaugurate its Board of Governors this Tuesday at Sheraton Hotel Ikeja, Lagos.

Canada, the United States and Switzerland will this day release their Manufacturing PMI Report for August 2018.

Wednesday, September 05, 2018

Patient Safety Movement in collaboration with the Lagos State Safety Commission will this day hold its Patient Safety Dialogue in Lagos.

Canada and the United States will this day release their Trade Balance Report for July 2018, while Australia will release its GDP Report for Q2 2018.

Thursday, September 06, 2018           

The 3rd NESH-NXT ANNUAL CONFERENCE will commence this day in Lagos for young entrepreneurs.

The National Bureau of Statistics is scheduled to release the Road Transportation Data Report for Q1-Q2 2018 this day, while Infinity Trust Mortgage Bank Plc will be marked down on this day by the NSE.

Australia will this day release its Trade Balance Report for July 2018, while Switzerland will release its GDP Report for Q2 2018.

Friday, September 07, 2018           

Germany and France will this day release their Trade Balance Report for July 2018, while the E.U. releases its GDP Report for Q2 2018.

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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.       Nigerian Online Trading Portals Ranking Report 2018

2.     The July 2018 Edition of the Proshare Confidential Report - Proshare

3.     The July 2018 Nigerian Capital Market Service Report - Proshare

4.     Pension Asset and Membership Data Q2 2018 - NBS

5.     Nigerian GDP Report Q2 2018 - NBS

6.     Road Transport Data Q2 2018 - NBS

7.       Manufacturing PMI Report for August 2018 - CBN

 

 

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Latest Videos This Past Week


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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 - 270818

2.     What To Expect From The Markets This Week - 200818

3.     What To Expect From The Markets This Week - 130818

4.     What To Expect From The Markets This Week - 060818

 

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Read More - The Monthly Proshare CONFIDENTIAL   

 

1.             AMCON and Financial Services Debt Burden in Nigeria

2.            Poverty Tracker and Nigeria: Raising The Red Flag

3.            POCKET Economics: Addressing Income Inequality

4.            The Silent Drug Epidemic: A Gathering Storm

5.            Judging IMF’s Position on Development Indices

6.           Money Market: The Folk Road

7.            The Headache of Missing Targets

8.            2018 Outlook on the Nigerian Economy: The Need for an Even Keel

9.            Nigeria External Economy and the White Noise of Import Dependency

10.        States and the Rising Weight of Debt

11.         Money Supply: Reeling from Policy Response

12.         How Rail and Energy Will Deliver a Robust Economy for Nigeria

13.         Too Big Government: The Hysteria of Developmental Quagmire

14.        The Nigerian Debt Conundrum and the Need for Automatic Stabilizers 

 

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