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What To Expect From The Markets This Week- 290118

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Saturday, January 27, 2018 08:00 AM / Proshare 

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 Proshare Nigeria Pvt. Ltd.


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From the Editor’s Desk

According to the recently published FMDQ over the counter bulletin, the turnover in fixed instrument for the month of December stood at N4.89 trillion; thus reflecting a 38.9% decrease in the total turnover in fixed instrument compared to the previous month. The fall out was due to the dampening in treasury bills from the tune of  N5.33 trillion in December to N4.25 trillion in November, reflective of a 25.5% slip.  This shows that the market is reacting to probable circumvent on short term instrument by the fiscal authorities. 

Fig 1:  Fixed Instrument Traded in 2016 and 2017

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Source: FMDQ
 

The average turnover in fixed instrument for 2017 stood at N5.82 trillion, thereby rising by 32.1% compared to the previous quarter. Such uplift was due to initial strong appetite for short term instrument; however this gradually waned as at the second half of the year.  Regardless of the average turnover in Treasury bill, N5.01 trillion (constituting 86.1% of the turnover in fixed instrument) was traded in 2017.  Certainly, the recent dampening in appetite threatens the existing convexity. 

Monday, January 29, 2018

The United States Consul, General F. John Bray will pay a courtesy visit to the Nigerian Stock Exchange today. The first batch of the 2017 Federal Government Sponsored Vocational Training in Modern Agriculture for unemployed graduates, practicing farmers and other stakeholders will commence today at the Federal College of Agriculture, Akure, while the Nigeria Wikimaster Contest Event kick starts today in Lagos. 

Tuesday, January 30, 2018

The 2018 Nigeria Global Health Trials Conference will commence today in Lagos with the theme: “Collaborations, Networks and Partnerships for Conduct of Health Research in Nigeria”. 

Wednesday, January 31, 2018

The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) today. T-Bills worth NGN252.88bn will mature, while an equal amount is expected to be issued in 91-day, 182-day and 364-day instruments. 

The Lagos State House of Assembly will today pass the 2018 Budget for the state, while the 1st Annual Integrity Idol Summit & Awards themed: “The Integrity Conversation” will hold in Abuja, and the Nigeria Economic Outlook Conference organized by thebusinesspost in Lagos. 

The 2018 Access Bank Lagos City Marathon Expo will commence today in Lagos. 

Thursday, February 1, 2018

The Management of Flour Mills Plc will visit The Exchange to address capital market stakeholders with a Facts Behind the Issue presentation. 

The West Africa Trade & Export Finance Conference 2018 will hold today in Lagos, while the Nigerian Institute of Public Relations (Lagos Chapter) holds its February PR Clinic today in Ikeja, Lagos with the theme: 360-Degree Landscape of Brand Development & Communications. 

The ICAN Entrepreneurship & Capacity Building Forum 2018 will hold today in Abuja, just as the Nigeria Travel Awards organised by Jumia Travel holds today. 

Saturday, February 3, 2018

The National Bureau of Statistics will today release the Pension Asset and Membership Data for Q4, 2017, while Connect Nigeria holds its SME ebusiness fair in 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 contact market@proshareng.com and research@proshareng.com Tel: 0700PROSHARE (070077674273)

 

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