What To Expect From The Markets This Week - 100619

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Saturday, June 08, 2019 07:40 AM / Proshare Content


Nigeria: Economic Dashboard @ 070619  

 

 

 

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Editor’s Pick 

Source: Vetiva Fixed Income Report– June 07, 2019

 

Market Commentary
The CBN held off on conducting an OMO auction today, even as system liquidity currently stands at N249.34 billion. The Interbank Call rate advanced by 500bps to 10.00%.
 
Trading activity in the secondary T-bills market was largely sell-side driven today, with activity concentrated at the mid-long end of the spectrum. Overall, average yield in the T-bills space advanced 25bps at close of trade.  Meanwhile, trading in the bond space was relatively quiet, as average bond yield advanced 9bps.   
 
Market Outlook
With system liquidity at a decent level of N249 billion, we expect slightly improved sentiment in the T-bills market at week open. However, we expect mixed to negative trading for the remainder of the week as market participants keep an eye on the PMA scheduled to hold on Thursday.

 

 

 

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Monday, June 10, 2019

Wapic Insurance Plc will on this day hold its Annual General Meeting at the Federal Palace Hotel, VI Lagos while the Africa Hotel Investment & Operations Conference 2019 will hold on the same day at MT MERU Hotel, Arusha, Tanzania.

 

The National Bureau of Statistics will on this day release the Foreign Trade in Goods Statistics (Q1 2019) while the Nigerian-British Chamber of Commerce will on this day host the 2019 Trade Mission to the United Kingdom, with the theme: Technology and the future of Business at Institute of Director, 116 Poll Mall, London.

 

Tuesday, June 11, 2019

Oando Plc will on this day hold its Annual General Meeting at Zinnia Hall, Eko Hotels and Suites, Victoria Island, Lagos while the 2nd edition of the IE Africa Center forum will hold on the same day at Oriental Hotel, Lagos.

 

Union Bank of Nigeria Plc will on this day hold its Annual General Meeting at the Grand Ballroom, Civic Centre, Lagos while the Institute of Directors Nigeria will on the same day hold the 2019 New Members' Induction at Eko Hotel & Suites, Victoria Island Lagos.

 

The Economic and Financial Crimes Commission will on this day hold the Inauguration Anti-Corruption Summit at Transcorp Hilton Hotel Abuja.

 

 

Wednesday, June 12, 2019

The Executive Launch for UPG 2019 will hold on this day in Lagos.

 

Thursday, June 13, 2019

The Chartered Institute of Taxation of Nigeria will on this day hold  its 27th Annual General Meeting at Plot 16, Otunba Jobi Fele Way, Central Business District, Alausa - Ikeja, Lagos while the  Atinuda Experience will hold on the same day at Harbour Point, 4 Wilmot Point Road, Victoria Island.

NASCON Allied Industries Plc  will on this day hold its Annual General Meeting at Civic Centre, Victoria Island, Lagos while Okomu Oil Palm Plc will on the same day hold its Annual General Meeting at Transcorp Hilton Hotel, Abuja.

 

Eterna Plc will on this day hold its Annual General Meeting at Agip Recital Hall, Muson Centre, Onikan, Lagos.

 

Saturday, June 15, 2019

The National Bureau of Statistics will on this day release the Premium Moto Spirit (Petrol), Price WATCH May 2019, while the Hospitality Industry Conference will be hold the same day with the theme Shaping the future of Hospitality in Nigeria at The Civic Center, 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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Previous Week(s) Market Outlook

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

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

3.     What To Expect From The Markets This Week - 200519

4.     What To Expect From The Markets This Week - 130519

5.     What To Expect From The Markets This Week - 060519

 

 

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