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

Proshare

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%.

 

Market Performance

Sectors

08-Jun-18

14-Jun-18

WoW Chg

NSE ASI

   38,669.23

   38,928.02

0.67%

NSE-30

      1,750.44

      1,761.28

0.62%

NSE Food and Beverages

          915.75

         907.99

-0.85%

NSE Banking

          489.66

          490.95

0.26%

NSE Insurance

          140.76

          144.33

2.54%

NSE Oil and Gas

          336.76

          349.68

3.84%

NSE LII

2562.51

2607.69

1.76%

NSE-IND

2019.81

2017.37

-0.12%

NSE-ASeM

949.59

949.59

0.00%

NSE Pension

1502.28

1508.07

0.39%

NSE Premium

2817.19

2843.88

0.95%

NSE Main Board

1698.64

1705.68

0.41%

NSECG

1551.17

1549.99

-0.08%

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.

 

Parameter

14-Jun-18

08-Jun-18

Chg

USI

666.03

666.24

-0.03%

MKT Capitalization (Bn)

446.66

450.86

-0.93%

Volume Traded

       132,920

        114,893

15.69%

Value Traded (000)

   18,246.24

      3,232.98

464.38%

Deals Executed

9

14

-35.71%

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 

Commodity

14-Jun-18

08-Jun-18

31-Dec-17

Weekly Chg

YTD Chg

Brent

76.08

76.95

66.87

-1.13%

13.77%

WTI

66.62

66.08

60.42

0.82%

10.26%

Gold

1304

1298.6

1296.38

0.42%

0.59%

Silver

17

16.82

16.88

1.07%

0.71%

Platinum

910

907

928

0.33%

-1.94%

Palladium

1012

1013

1058

-0.10%

-4.35%

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

14-Jun-18

08-Jun-18

% Chg

BDC

362

364

-0.55%

CBN

305.9

305.95

-0.02%

NAFEX

361.05

361.41

-0.10%

Source: FMDQ, CBN, Everdon

 

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.

Proshare Nigeria Pvt. Ltd.
 


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