Market Review and Round-Up of Corporate News Announced During The Week Ending 140618

Thursday, June 14, 2018 / 06:40 PM / Proshare Markets 
 

Key Highlights

• The equities market recorded mixed performance – the listed equities market recorded 0.67% gain WoW while the NASD OTC dropped by -0.4% WoW.
• The CBN, BDC and NAFEX FX rates all appreciated at the end of the week.
• The Brent Crude Oil price dropped at the end of the week while the WTI appreciated.
   

1.      Equity 

NSE

• The NSEASI went up by +0.67% WoW.
• NSE Oil and Gas Index topped the sectoral indices list with +3.84% gain while NSE Consumer Goods Index recorded the highest drop by -0.85%.

Source: NSE, Proshare Research

For more updates on market index performance visit here
 

NASD

The NASD USI went down by -0.03% WoW

Market CAP also went down by -0.93% WoW

The unlisted OTC market recorded 15.69% growth in Volume Traded and 464.38% growth in Value.

Source: NASD Plc

For more updates on the Unlisted OTC market, visit the NASD Page

Corporate News and Results for the Week

a)     United Capital Plc Appoints Peter Ashade as the New GCEO As Toyin Sanni Retires

b)     International Breweries Plc Restructures Its Board of Directors

c)       Dangote Flour Mills Plc Changes Venue of AGM

d)      Custodian and Allied Plc Changes Its Name to Custodian Investment Plc

e)     Cap Plc Reschedules AGM to Tuesday 19th of June, 2018

f)       FBNH Plc - Attractively Priced As Concerns Are Overcooked, Strong BUY

g)     OKOMUOIL Notifies That Certifications by ERA and FoEN on RSPO Are Spurious and Libelous

2.     Fixed Income and Bonds

To Be Updated 

Bonds and Fixed Income News

a)     Investors Remain Bearish on Nigerian Eurobonds ahead of Expected US Rate Hike

b)     Ahead Of Next T-Bills Auction Scheduled 13th of June 2018

c)      Expected Downtrend in Inflation to Moderate Pressure on Yields

d)     Nigeria Wins Three EMEA Awards – DMO
 

3.     Commodities

Brent crude oil prices down by 1.13% WoW to $76.08 per barrel

WTI up by 0.82% WoW to $66.62 per barrel 

Source: Bloomberg, TheAnalyst

4.     Forex

The FX market experienced some improvement in FX rates during the week. The BDC rate appreciated by 0.55% and the NAFEX rate also moved in the same direction with 0.10% recorded. 

The CBN Official Rate appreciated by 0.02% to close at N305.9

FX News

CBN Injects $210m into Forex Market

Forex: CBN Okays Wider Margin for BDCs

5.     Mutual Funds

For reports on Mutual Funds, Kindly here for updates from Fund Managers Association of Nigeria.


 

Related News

1.       Market Round-Up of Corporate News Announced During the Week Ending 080618

2.       Market Round-Up of Corporate News Announced During the Week Ending 080618

3.      Market Round-Up of Corporate News Announced During the Week Ending 250518

4.      Market Round-Up of Corporate News Announced During the Week Ending 180518