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What To Expect From The Markets This Week - 310717

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Saturday, July 29, 2017 08:00 AM / Proshare 

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From the Editor’s Desk 

The amount of aggregate foreign inflow through the Central bank in May 2017 stood at $2.25billion, reflective of 21.7% fall compare to the previous month. The reduction in the total aggregation foreign inflow was due to a 27% shrink in oil receipts. Foreign outflow stood at $3.21 billion, whereby it rose by   39.06% compare to the previous quarter. Net foreign inflow through the bank reversed earlier gains to a deficit position of $0.761 billion. The deficit largely stem from reduced oil receipts, inter-bank utilization and external debt service. It is expected that the increase in oil price, will return aggregate net foreign inflow through back to positive territory.  

Fig 1: Net Inflow through the Central Bank 

Source: CBN, Proshare Research
 

Monday, July 31, 2017
Top Management from C & I Leasing Plc will visit the Exchange for a facts behind the Figures presentation today, while Rak Unity Petroleum Plc will be marked down having declared a dividend of 10 kobo.  

Proshare and United Capital will host a tweet at 3pm WAT today to discuss its Nigeria Outlook 2017 Report. 

Wednesday, August 2, 2017
The 3rd Annual General Meeting of the Nigeria Mortgage Refinance Company Plc (NMRC) will hold today.  

Redstar Express Plc will be marked down today having declared a dividend of 40 Kobo. 

Thursday, August 3, 2017
The 2017 Annual National Risk Conference focusing on Risk Management for Economic Development & Revenue Diversification will commence today. 

Friday, August 4, 2017
Aluminium Extrusion Industries Plc’s Annual General Meeting will hold today. 

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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 contact market@proshareng.com and research@proshareng.com Tel: 0700 PROSHARE

 

 

 

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