What To Expect From The Markets This Week - 060519

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Saturday, May 04, 2019 08:00 AM / Proshare Content


Nigeria: Economic Dashboard @ 030519  

 

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Editor’s Pick 

Source: Vetiva Fixed Income Report– May 03, 2019


Market Commentary
With the CBN opting to further hold off on mopping up system liquidity today, the Interbank Call rate declined another 85bps d/d to settle at 5.29%.
 
In spite of decent system liquidity levels at session open (estimated at N141.7 billion), trading activity was largely mixed in the T-bills space, with average yields moving in neither direction today. However, supported by relatively decent levels of liquidity throughout the week, average yields on T-bills declined 7bps this week. Meanwhile, trading in the bond space stayed negative, with average yields on benchmark FGN notes advancing 2bps d/d. Specifically, sell-offs were more prevalent at the longer end of the space, whilst demand was observed at the short to mid end. Overall, yields on benchmark bonds advanced 1bp w/w.
 
Market Outlook
Supported by healthy system liquidity, we expect yields to further moderate in the T-bills market at week open. Meanwhile, with investor interest still weak in the bond space, we expect trading to be mixed at week open. 

 

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Monday, May 06, 2019

The Nigeria International Book Fair 2019 will hold on this day at Elili Adebisi Omotola Hall, University of Lagos, Akoka.

 

 

Tuesday, May 07, 2019

Sunu Assurances Nigeria Plc will on this day hold its Annual General Meeting at BWC Hotel, 1228 Ahmadu Bello Way, Victoria Island, Lagos while  Union Bank Plc will on the same day hold its Annual General Meeting at  H.A.B. Fasinro Hall, Lagos City Hall, Catholic Mission Street, Lagos.

 

The Association of National Accountants of Nigeria (ANAN) will on this day visit the Stock Exchange for a Closing Gong Ceremony.

 

Wednesday, May 08, 2019

AFSIC will on this day hold the Investing in Africa Conference at Park Plaza Westminster, London while the Lagos Architects Forum 2019 will hold on the same day at Oriental Hotel 3, Lekki- Epe Expressway Victoria Island Lagos.

AXA Mansard Insurance Plc will on this day hold its Annual General Meeting at Lagos Oriental Hotel, Victoria Island, Lagos while Wema Bank Plc will on the same day hold its Annual General Meeting at Lagoon Restaurant, 1C Ozumba Mbadiwe, Victoria Island.

The Institute of Chartered Accountant Nigeria will on this day hold its 63rd Induction Ceremony for New Members at 12, Kofo Kasumu Street, Lakeview Estate, Phase 1, Amuwo Odofin, Lagos while North-South Power Listing at the NSE will hold on the same day at Stock Exchange House.


Thursday, May 09, 2019

Unilever Nigeria Plc will on day hold its Annual General Meeting at Grand Banquet Hall, Civic Centre, Victoria Island, Lagos while Champion Breweries Plc will on the same day hold its Annual General Meeting at Lagoon Restaurants, 1C Ozumba Mbadiwe Street, Victoria Island, Lagos.

 

National Institute of Marketing Nigeria will on this day hold the Annual Marketing Conference & Annual General Meeting at Presidential Hotel, Port-Harcourt, Rivers State.

 

 

Friday, May 10, 2019

The National Bureau of Statistics will on this day release Job Creation and Labor force Statistics: unemployment & Underemployment (Q4 2018-Q1 2019) while AIICO Insurance Plc will on the same day hold its Closing Gong at 9th Floor Gallery, Stock Exchange House.

 

Saturday, May 11, 2019

The Blockchain Technology for Agriculture will hold on this day at Anthony Village, Lagos TECHPOINT Headquarters, 8 Adebayo Mokuolu Street, Anthony Village.


 

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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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