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What To Expect From The Markets This Week - 120819

Market Updates	1744 VIEWS
Market Updates
1744 VIEWS

Saturday, August 10, 2019 08:00 AM / Proshare Content

Nigeria: Economic Dashboard @090819

Editor’s Pick

Source: Vetiva Fixed Income Report– August 09, 2019

Market Commentary

The Interbank call rate advanced 243bps to settle at 11.43%.

Negative sentiment persisted in the secondary market, with average yields in the T-bills space advancing 37bps d/d, taking the week’s change to +131bps. Sell-offs were observed across the market, with notable yield advances on the 85DTM and 135DTM bills of 162bps and 130bps respectively, settling at 12.58% and 12.86% respectively. Bears dominated the bond space also, as benchmark yields advanced 15bps d/d and 33bps w/w. Sell-pressure dominated across the space, with the yield on the 12.50% FGN 22 JAN 2026 bond advancing 53bps d/d to settle at 14.04%.

Market Outlook

With a PMA scheduled for Wednesday and a truncated trading week, we expect yields to advance at a slower pace in the T-bills space. We also expect bond yields to continue to advance, as sentiment remains weak.

Monday, August 12, 2019

Data Science Nigeria will on this day hold its Al Summer School For Grade 5 – 9 Batch 2.

Tuesday, August 13, 2019

Evolve Global Group will on this day hold its Evolve Global Workshop at 1B1 Training Centre, First Floor, Discovery Mall Ademola Adetokunbo Cresent Wuse II, Abuja.

Wednesday, August 14, 2019

National Bureau of Statistics will on this day release the data of Liquefied Petroleum Gas (Cooking Gas) Price Watch July 2019, National Household Kerosene Price Watch July 2019, Pension Asset And Membership Data (Q2 2019) And Premium Motor Spirit (Petrol) Price Watch July 2019.

The Financial Brand WEBINAR will on this day hold its seminar on How Community Banks Can Grow Deposit at Webinar while Pause Factory will on the same day hold its training on Selling with Emotional Intelligence at 19, Town Planning, Ilupeju, Lagos.

Thursday, August 15, 2019

National Bureau of Statistics will on this day release the data of Automobile Gas Oil (Diesel) Price watch July 2019 while Agropreneur will on the same day commence its Pre Conference Workshop at Conference Center, IITA, Ibadan.

Friday, August 16, 2019

National Bureau of Statistics will on this day release the data of CPI and Inflation report July 2019 and Selected Food Fries report July 2019 while The Nigerian Institution of Estate Surveyors will on this day hold its Investiture of the 26th Chairman at Civic Center Victoria Island, Lagos.

Conoil Nigeria Plc will on this day hold its Annual General Meeting at Le Meridien Ibom Hotel and Golf Resort, Uyo, Akwa Ibom State.

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!

Contact for Details:

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