What To Expect From The Markets This Week - 130519

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Saturday, May 11, 2019 08:00 AM / Proshare Content


Nigeria: Economic Dashboard @ 100519  

 

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Editor’s Pick

 

 Source: Vetiva Fixed Income Report– May 10, 2019

 

Market Commentary

Whilst the CBN did not conduct a liquidity mop-up today, the Interbank Call rate advanced 443bps to settle at 9.14%.

 

Meanwhile, trading in the T-bills secondary market turned positive, with overall yields declining 19bps on average. Buy-side activity was observed on the mid-to-long end of the space. Though trading was largely positive through most of the week, sell-offs on Thursday drove average yields up 9bps w/w.  Additionally, trading in the bond market was largely positive, with average benchmark yields declining 15bps. For the week, the bond market, despite weak investor sentiment, saw benchmark bond yields drop 22bps w/w.

 

Market Outlook

Given the current trend observed during the week, we foresee a continuation of positive trading activity at week start. Also, investors will be looking out for April inflation figures at the start of the week.  Meanwhile, in the bond space, due to the continued weak investor interest and despite the yield declines on benchmark bonds, we expect a dearth of trading activity in the bond space on Monday. 

 

 

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Monday, May 13, 2019

The Nigerian Stock Exchange will on the same day hold the NSE Retail Investor Coverage Workshop at the Event Centre Stock Exchange House, 2/4 Customs Street Marina, Lagos.

 

 

Tuesday, May 14, 2019

The National Bureau of Statistics will on this day release the Liquefied Petroleum Gas (Cooking Gas) Price watch April 2019, Sectorial Breakdown of credit, Epayment channels and staff strength (Q1 2019) while the Ecobank Female Entrepreneurs Initiative will commence on this day at the Ecobank Academy, 22 Allen Avenue, Opposite Oshopey, Plaza, Ikeja Lagos.


 

Wednesday, May 15, 2019

Renaissance Capital will on this day hold the Pan-Africa 1:1 Investor Conference Lagos, while the Trek Africa Entrepreneurship Conference 2019 will on this day hold the Raising Enterprising African Youths at Presken Hotel Ikeja while the Nigerian Economic Summit Group will on the same day Launch the Better Tax Initiative at Oriental Hotel 3, Lekki- Epe Expressway Victoria Island Lagos.

 

The Emerging Crisis & Disaster Risk Management Institute will commence the Special Emergency Preparedness Week, Conferment of Fellowship/Hall of Fame Awards/Gala Nite/Induction ceremony at  LCCI, Alausa, Ikeja-Lagos, while the Nigerian Association of Petroleum Explorationists, Special Technical Presentation will hold on the same day  with the theme: Reminiscences on my 40 plus years Journey in the Oil and Gas Industry in Africa at Eko Hotel & Suites, Victoria Island Lagos.

 

The National Bureau of Statistics will on this day release the Transport Fare watch (May 2018).

 

 

Thursday, May 16, 2019

The Chartered Institute of Bankers of Nigeria will on this day hold the honorary fellowship awards while 11 Plc will on the same day hold its Annual General Meeting at Shell Hall, MUSON Center, Onikan Lagos.

 

The Africa Fintech Foundary will on this day hold the Disrupt 2019 Conference at Landmark Centre, Plot 283 Water Corporation Road, Victoria Island Annex, Lagos, while the 4th Edition of TAMS Productivity Summit will hold on the same day with the theme: Charting Nigerian’s Part to Growth at Musical Society of Nigeria, MUSON, Lagos.

 

The Nigerian - British Chamber of Commerce will on this day hold its May Breakfast Meeting at  Lagos Oriental Hotel Victoria Island while Infinity Trust Mortgage Bank Plc will on the same day hold its Annual General Meeting at 4th Floor, Infinity House, 11 Kaura Namoda Street, Area 3, Abuja.

 

Newrest ASL Nigeria Plc will on this day hold its Annual General Meeting at Golden Tulip, Amuwo Odofin, Lagos while Seplat Petroleum Development Company Plc will on the same day hold its Annual General Meeting at the Civic Center, Ozumba Mbadiwe, Victoria Island, Lagos.

 

The National Bureau of Statistics will on this day release the National Household Kerosine Price watch April 2019 while MTN Investment Case Presentation will hold on the same day in Lagos.

 

 

Friday, May 17, 2019

The National Bureau of Statistics will on this day release Premium Motor Spirit ( Petrol) Price water March 2019.

 

The Third Edition of Handle It Africa will hold on this day with the theme: Social Media: Extending the Frontiers at Oriental Hotel 3, Lekki- Epe Expressway Victoria Island Lagos while Nigerian Breweries Plc will on the same day hold its Annual General Meeting at MUSON Centre, Onikan, Lagos.

 

 

Saturday, May 18, 2019

The Lagos Career Fair 2019 will hold on this day at The Covenant Place Igamu (Beside the National Threatre)

 

  

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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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