What To Expect From The Markets This Week - 080719

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Saturday, July 06, 2019 08:00 AM / Proshare Content


Nigeria: Economic Dashboard @ 050719  

 

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Editor’s Pick 

 

Source: Vetiva Fixed Income Report– July 05, 2019

Market Commentary
System liquidity improved to 583 billion. Consequently, the Interbank Call rated moderated 85bps to 3.86%.
 
In the T-bills space, trading remained positive, with average yield declining 6bps, as demand was observed at the mid-to-long end of the curve. Most notably, yield on the 328DTM bill moderated 27bps to settle at 12.98%. For the week, average yield declined 24bps. Meanwhile, as expected, activity in the bond space turned bullish, with average yields on benchmark bonds declining 6bps d/d and 27bps w/w. Remarkably, the yield on the 12.40% FGN MAR 2026 bond declined 37bps to settle at 14.20% today.
 
Market Outlook
With liquidity remaining at healthy levels, we expect demand in the T-bills space to remain healthy at the start of next week. Meanwhile, in the bond space, we expect investors to continue to favour longer-dated bonds.


 

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Tuesday, July 09, 2019

The Digital PayExpo 2019 will hold on this day at Eko Hotels & Suites, Lagos, while Fidelity Bank Plc will on the same day feature Mr. Olufemi Awoyemi, Founder/Chairman, Proshare during its Fidelity SME Forum Radio Program.

 

 

Wednesday, July 10, 2019

Omoluabi Mortgage Bank Plc will on this day hold its Annual General Meeting at  Aurora conference & Event Centre, Osogbo, Osun State while the National Bureau of Statistics will on the same day release the 2018/19 Socio-Economic Survey.

 

Meristem Securities Limited will on this day hold a training on Understanding Financial Market while the Certificate In Entrepreneurial Management (CEM) Training will hold on the same day in Lagos.

 

The Nigerian Economic Summit Group rebranding will take place on this day in Ikoyi, Lagos.

 

 

Thursday, July 11, 2019

The Fintech Institute of Nigeria will on this day hold a training on Cybersecurity Fundamentals: Winning the Cyberwar before it Starts at Victoria Island, Lagos Bankers House, Adeola Hopewell Street, while the Mega Clima Africa Hvac Expo will hold on the same day at Landmark Centre, Lagos, Nigeria.

 

Trans-Nationawide Express Plc will on this day hold its Annual General Meeting at Airport Hotel, Obafemi Awolowo Way, Ikeja, Lagos, while Secure Electronic Technology Plc will on the same day hold its Annual General Meeting at Events Warehouse, Plot CDE Industrial Crescent, Ilupeju, Lagos.

 

The LSEG Companies to Inspire Africa 2017/2019 Lagos Launch will hold on this day at Four Point by Sheraton, Victoria Island Lagos, while the Chartered Institute of Arbitrators Nigeria Branch Abuja Chapter will on the same day hold a Mini Lecture Series at JICAM centre, Garki 2, Abuja.

 

 

Friday, July 12, 2019

The Customer Experience (Cx) West Africa Summit will hold on this day with the theme the Transformational power of Customer Experience Management (CEM) in Business Growth at Lekki, Lagos Lilygate Hotel.

 

 

  

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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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Previous Week(s) Market Outlook

1.      What To Expect From The Markets This Week - 240619

2.     What To Expect From The Markets This Week - 100619

3.     What To Expect From The Markets This Week - 030619 

4.     What To Expect From The Markets This Week - 270519

5.     What To Expect From The Markets This Week - 010719



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