Market Review and Round-Up of Corporate News Announced During The Week Ending 100818

Proshare

Friday, August 10, 2018 / 06:35 PM / Proshare Markets 

 

Key Highlights

  • The equities market recorded negative performance – the listed equities market recorded -2.89% loss WoW while the NASD OTC also went down by -2.57% WoW.
  • The BDC rate closed flat while the CBN and the NAFEX FX rates depreciated as the I&E FX rate appreciated during the week.
  • The Brent Crude Oil price moved down at the end of the week while the WTI also went down.

 

1.      Equity

NSE

  • The NSEASI went down by -2.89% WoW.
  • NSE ASeM Index closed flat while NSE Oil and Gas Index recorded the highest drop by -5.41%.

Market Performance

Sectors

03-Aug-18

10-Aug-18

WoW Chg

NSE ASI

     36,499.67

     35,446.47

-2.89%

NSE-30

        1,643.87

         1,602.31

-2.53%

NSE Food and Beverages

             848.13

            845.30

-0.33%

NSE Banking

             461.68

            455.47

-1.35%

NSE Insurance

            145.30

             142.96

-1.61%

NSE Oil and Gas

            317.70

           300.50

-5.41%

NSE LII

2,501.15

2,422.97

-3.13%

NSE-IND

1,773.51

1,694.77

-4.44%

NSE-ASeM

809.92

809.92

0.00%

NSE Pension

1,363.91

1,336.31

-2.02%

NSE Premium

2,644.37

2,512.59

-4.98%

NSE Main Board

1,611.58

1,595.24

-1.01%

NSECG

1,456.56

1,427.79

-1.98%

 

Source: NSE, Proshare Research

 

For more updates on market index performance visit here

 

NASD

The NASD USI went down by -2.57% WoW

Market CAP also went down by -2.57% WoW

The unlisted OTC market recorded -90.30% growth in Volume Traded and -99.01% growth in Value.

 

Parameter

10-Aug-18

03-Aug-18

Chg

USI

687.6

705.75

-2.57%

MKT Capitalization (Bn)

465.32

477.6

-2.57%

Volume Traded

         267,300

     2,756,852

-90.30%

Value Traded (000)

         3,231.25

   326,868.57

-99.01%

Deals Executed

9

22

-59.09%

 

Source: NASD Plc

 

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

 

Corporate News and Results for the Week

a)     GUARANTY Announces Change in Date of Closure of Register of Shareholders

b)     GNI Notifies on Voluntary Delisting from the Nigerian Stock Exchange

c)      SEPLAT Announces Dealing in Its Shares by Pursley Resouces Ltd

d)     Diamond Bank Q2 2018 Results Review: PT Cut By 24%; Reiterating Underperform Rating

e)     Zenithbank H1 2018 Results - Gross Earnings fell by 15.31% YoY to N322.20bn

f)       NSE Lifts Suspension Placed on the Trading in the Shares of Conoil Plc

g)     Conoil Plc Announces Resolution of its Board Meeting

h)    NB Announces the Resignation and Appointment of Board Members and Top management staff

i)       MEDVIEWAIR Announces Resolutions of Its Board Meeting

j)       Zenith Bank Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways

k)     Zenith Bank Plc H1 2018 Results - Lower Impairment Charges Buoy Profitability

l)       Zenith Bank Plc H1 2018 Result- Earnings Lag Marginally As Weak Interest Income Weighs

m)  NSE Releases Notification of Suspension of Trading in the Shares of Conoil PIc

n)    Public Notice On The Volountary Delisting of Great Nigeria Insurance Plc

o)     Flour Mills of Nigeria Plc Q1 2019 Conference Call and Earnings Presentation - The Key Takeaways

p)     One Week After: FBNH Share Price Closed Flat; Volume Traded Up By 85.22%

 

 

2.       Fixed Income and Bonds

FGN Bonds

as @ Fri Aug 10 2018

Description

Price

Yield

Change (%)

13.01 FGNSB 22-MAR-2019

100.04

12.91

0.07

12.794 FGNSB 12-APR-2019

99.94

12.88

0.05

13.189 FGNSB 17-MAY-2019

100.27

12.82

0

13.189 FGNSB 14-JUN-2019

100.32

12.77

-0.03

16.00 29-JUN-2019

102.67

12.74

-0.05

13.386 FGNSB 12-JUL-2019

100.56

12.72

-0.06

13.535 FGNSB 16-AUG-2019

100.77

12.71

-0.06

13.817 FGNSB 20-SEP-2019

100.87

12.95

0.15

12.059 FGNSB 18-OCT-2019

98.81

13.15

0.32

7.00 23-OCT-2019

93.3

13.18

0.35

12.091 FGNSB 15-NOV-2019

98.57

13.33

0.49

11.738 FGNSB 13-DEC-2019

97.82

13.53

0.66

12.098 FGNSB 17-JAN-2020

97.85

13.77

0.87

15.54 13-FEB-2020

102.08

13.96

1.04

10.277 FGNSB 14-FEB-2020

95.1

13.93

1.01

10.746 FGNSB 14-MAR-2020

95.51

13.92

0.97

13.794 FGNSB 12-APR-2020

99.8

13.92

0.93

10.75 FGNSB 18-APR-2020

95.3

13.92

0.93

9.48 FGNSB 16-MAY-2020

93.16

13.92

0.89

14.189 FGNSB 17-MAY-2020

100.42

13.92

0.89

10.34 FGNSB 13-JUN-2020

94.27

13.91

0.85

14.189 FGNSB 14-JUN-2020

100.43

13.91

0.85

10.483 FGNSB 11-JUL-2020

94.31

13.91

0.82

14.386 FGNSB 12-JUL-2020

100.78

13.91

0.82

14.535 FGNSB 16-AUG-2020

101.1

13.9

0.77

14.817 FGNSB 20-SEP-2020

101.66

13.89

0.72

13.059 FGNSB 18-OCT-2020

98.46

13.88

0.68

13.091 FGNSB 15-NOV-2020

98.5

13.87

0.64

12.738 FGNSB 13-DEC-2020

97.77

13.86

0.6

13.098 FGNSB 17-JAN-2021

98.45

13.85

0.55

11.277 FGNSB 14-FEB-2021

94.63

13.84

0.51

11.746 FGNSB 14-MAR-2021

95.5

13.84

0.46

11.75 FGNSB 18-APR-2021

95.4

13.82

0.41

10.48 FGNSB 16-MAY-2021

92.43

13.82

0.37

11.34 FGNSB 13-JUN-2021

94.27

13.81

0.33

11.483 FGNSB 11-JUL-2021

94.5

13.8

0.29

14.50 15-JUL-2021

101.06

14.04

0.17

16.39 27-JAN-2022

107.1

13.74

0

13.48 FGNGB 22-DEC-2022

98.8

13.84

0.1

12.75 27-APR-2023

96.12

13.88

0.14

14.20 14-MAR-2024

100.78

13.99

0.24

13.53 23-MAR-2025

97.56

14.1

0.11

12.50 22-JAN-2026

92.35

14.19

0

16.2884 17-MAR-2027

108.6

14.5

0.29

13.98 23-FEB-2028

97.49

14.47

0.15

15.00 28-NOV-2028

103.76

14.28

0.04

12.49 22-MAY-2029

90.17

14.29

0.05

8.50 20-NOV-2029

67.91

14.31

0.06

10.00 23-JUL-2030

75.55

14.33

0.07

12.1493 18-JUL-2034

85.77

14.45

0.13

12.40 18-MAR-2036

86.86

14.47

0.26

16.2499 18-APR-2037

113.5

14.17

0

Source: FMDQ

 

Treasury Bills

as @ Fri Aug 10 2018

Maturity

Discount

Yield

Change (%)

NTB 23-Aug-18

10.98

11.02

0.59

NTB 30-Aug-18

10.42

10.48

0.16

NTB 6-Sep-18

10.3

10.38

0.18

NTB 13-Sep-18

11.5

11.63

0.16

NTB 20-Sep-18

10.28

10.39

0.02

NTB 27-Sep-18

10.49

10.64

0.08

NTB 4-Oct-18

11.46

11.66

0.2

NTB 11-Oct-18

11.15

11.37

-0.19

NTB 18-Oct-18

11.26

11.5

-0.06

NTB 25-Oct-18

11.28

11.55

-0.07

NTB 1-Nov-18

11.6

11.92

0.06

NTB 8-Nov-18

11.22

11.54

0.2

NTB 15-Nov-18

11.12

11.46

0.04

NTB 22-Nov-18

11.24

11.62

0

NTB 29-Nov-18

11.28

11.68

0.16

NTB 6-Dec-18

12.04

12.53

-0.14

NTB 13-Dec-18

12.13

12.66

0.02

NTB 20-Dec-18

12.01

12.56

-0.07

NTB 27-Dec-18

12.13

12.72

0.16

NTB 3-Jan-19

12.06

12.68

0.12

NTB 10-Jan-19

12.02

12.66

-0.04

NTB 17-Jan-19

12.14

12.82

0.09

NTB 24-Jan-19

12.11

12.82

0.02

NTB 31-Jan-19

11.87

12.58

0

NTB 7-Feb-19

12.21

12.99

0.13

NTB 14-Feb-19

12.08

12.88

-0.15

NTB 14-Mar-19

12.17

13.12

0.13

NTB 21-Mar-19

11.51

12.37

0.02

NTB 4-Apr-19

11.99

13

-0.03

NTB 18-Jul-19

11.47

12.86

0.23

NTB 18-Jul-19

11.57

12.54

0.57

NTB 21-Mar-19

11.25

12.14

-1.07

NTB 4-Apr-19

12.28

13.42

0.39

NTB 18-Jul-19

11.69

12.71

0.16

Source: FMDQ

 

Bonds and Fixed Income News

a)     Invest in FGN Monthly Bond Auction – August 2018

b)     Markets trade flat as CBN sells OMO to manage maturities

c)      Bond Market Bounces Back from Previous Day Selloff

d)     FirstBank Redeem $300million 8.25% Subordinated Notes

e)     Bond Yields Spike in Panic Driven Session

f)       Sterling Bank Plc Set to Issue Up to N35bn Series 6 and Series 7 Commercial Paper

g)     Funding Rates Tick Higher as Banks Fund for CBN SMIS

h)    Expected System Liquidity Boost to Sustain Bullish Performance

i)       August 2018 FGN Savings Bonds Offer for Subscription

j)       Fixed Income Market Monitor- Average Bond Yield Fell by 3bps to Close the Week At 13.97%

k)     Bond Yields Tick Higher as Offshore Players selloff on the Mid to Long End

 

3.     Commodities

Brent crude oil prices went down by -0.67% WoW to $72.98 per barrel

Also, WTI down by -1.60% WoW to $67.66 per barrel

 

Commodity

10-Aug-18

03-Aug-18

31-Dec-17

Weekly Chg

YTD Chg

Brent

72.98

73.47

66.87

-0.67%

9.14%

WTI

67.66

68.76

60.42

-1.60%

11.98%

Gold

1210.76

1219.05

1296.38

-0.68%

-6.60%

Silver

15.29

15.51

16.88

-1.42%

-9.42%

Platinum

827

836

928

-1.08%

-10.88%

Palladium

904

911

1058

-0.77%

-14.56%

Source: Bloomberg, TheAnalyst

 

4.     Forex

The FX market experienced mixed performance during the week. The BDC rate closed flat as the CBN and the NAFEX rates all depreciated by 0.02% and 0.03% respectively while the I & E FX Rate appreciated by 0.09%.

 

FX

10-Aug-18

03-Aug-18

% Chg

BDC

360

360

0.00%

CBN

306

305.95

0.02%

I & E

361.75

362.09

-0.09%

NAFEX

361.64

361.52

0.03%

Source: FMDQ, CBN, Everdon

 

FX News

a)     Forex: CBN Injects $327m, CNY 69m into Retail SMIS

b)     Forex: CBN Intervenes With $210m

c)      CBN Notifies on the Revised Foreign Exchange Manual

d)     Forex: Naira Lifted With $210m CBN Injection

e)     Forex: CBN Injects $340m, CNY 69m into Retail SMIS

 

5.     Mutual Funds

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

 

Proshare Nigeria Pvt. Ltd.

 

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