Market Review and Round-Up of Corporate News Announced During The Week Ending 140918

Proshare

Friday, September 14, 2018 / 06:20 PM / Proshare Markets  

Key Highlights

  • The equities market recorded mixed performance – the listed equities market recorded -5.02% loss WoW while the NASD OTC also went down by -2.05% WoW.
  • The BDC rate closed flat while the IEFX, NAFEX and the CBN rate depreciated during the week.
  • The Brent Crude Oil price moved up at the end of the week while the WTI also went up.
  • The share price of Forte Oil Plc closed flat today after the-16.67% loss (about N4.56bn in Market CAP) recorded in the four days following the revelation earlier in the week of the possibility that the leadership of the Peoples Democratic Party (PDP) in Lagos State may offer the party’s 2019 governorship ticket to its chairman. Watch out for an update next week Link: FO Share Price Drops by -16.67% in Four Days - Coincidence or News Led?

 

1.      Equity

NSE

  • The NSEASI went down by -5.02% WoW.
  • NSE ASeM Index closed flat while NSE Industrial Index recorded the highest drop by -7.55%.

Market Performance

Sectors

07-Sep-18

14-Sep-18

WoW Chg

NSE ASI

     34,037.91

         32,327.59

-5.02%

NSE-30

        1,520.07

        1,444.73

-4.96%

NSE Food and Beverages

            797.81

            754.93

-5.37%

NSE Banking

            408.65

            390.87

-4.35%

NSE Insurance

            138.74

             130.51

-5.93%

NSE Oil and Gas

            287.25

            282.46

-1.67%

NSE LII

2,428.11

2,278.20

-6.17%

NSE-IND

1,636.56

1,512.94

-7.55%

NSE-ASeM

809.92

809.92

0.00%

NSE Pension

1,256.30

1,197.04

-4.72%

NSE Premium

2,472.51

2,330.72

-5.73%

NSE Main Board

1,501.46

1,438.61

-4.19%

NSECG

1,317.37

1,250.41

-5.08%

Source: NSE, Proshare Research

 

For more updates on market index performance visit here

 

NASD

The NASD USI moved down by -2.05% WoW

Market CAP also moved down by -2.05% WoW

The unlisted OTC market recorded +339.56% growth in Volume Traded and +57.84% growth in Value.

 

Parameter

14-Sep-18

07-Sep-18

Chg

USI

698.16

712.76

-2.05%

MKT Capitalization (Bn)

472.47

482.35

-2.05%

Volume Traded

     1,567,267

         356,550

339.56%

Value Traded (000)

      23,048.18

      14,601.90

57.84%

Deals Executed

12

12

0.00%

Source: NASD Plc

 

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

Corporate News and Results for the Week

a)     FO Share Price Drops by -16.67% in Four Days - Coincidence or News Led?

b)     E-Tranzact Plc Reclassified From Medium Priced To Low Priced Stock

c)      Notore Chemical Industries Plc Notifies on Maintenance Activities Carried Out on Ammonia Plant

d)     JBERGER Announces Closed Period and Board Meeting Date

e)     MED-VIEW Airline Received Its Boeing 737-500 (5n-Bqm} Aircraft

f)       Nigerian Enamelware Plc to Hold 58th AGM on October 25th 2018

g)     CBN Debits Diamond Bank’s Accounts for the Full Amount of the Fine Levied Against It

h)    Insurance Sector Recapitalisation – LAWUNION, STDINSURE Share Prices Drop by 26.03% and 23.68%

i)       UBA Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways 

 

2.       Fixed Income and Bonds

FGN Bonds

as @ Fri Sep 14 2018

Description

Price

Yield

Change (%)

13.01 FGNSB 22-MAR-2019

99.4

14.22

-0.21

12.794 FGNSB 12-APR-2019

99.17

14.3

-0.2

13.189 FGNSB 17-MAY-2019

99.19

14.45

-0.19

13.189 FGNSB 14-JUN-2019

99.04

14.56

-0.17

16.00 29-JUN-2019

101

14.63

-0.17

13.386 FGNSB 12-JUL-2019

99

14.68

-0.16

13.535 FGNSB 16-AUG-2019

98.9

14.82

-0.15

13.817 FGNSB 20-SEP-2019

98.95

14.95

-0.13

12.059 FGNSB 18-OCT-2019

97.08

14.99

-0.11

7.00 23-OCT-2019

92.09

15

-0.11

12.091 FGNSB 15-NOV-2019

96.89

15.03

-0.09

11.738 FGNSB 13-DEC-2019

96.27

15.08

-0.07

12.098 FGNSB 17-JAN-2020

96.37

15.13

-0.05

15.54 13-FEB-2020

100.37

15.21

-0.01

10.277 FGNSB 14-FEB-2020

93.86

15.17

-0.03

10.746 FGNSB 14-MAR-2020

94.11

15.21

-0.01

13.794 FGNSB 12-APR-2020

98.02

15.22

-0.02

10.75 FGNSB 18-APR-2020

93.77

15.22

-0.02

9.48 FGNSB 16-MAY-2020

91.66

15.22

-0.03

14.189 FGNSB 17-MAY-2020

98.49

15.22

-0.03

10.34 FGNSB 13-JUN-2020

92.63

15.22

-0.03

14.189 FGNSB 14-JUN-2020

98.43

15.22

-0.03

10.483 FGNSB 11-JUL-2020

92.56

15.23

-0.04

14.386 FGNSB 12-JUL-2020

98.66

15.23

-0.04

10.668 FGNSB 15-AUG-2020

92.52

15.23

-0.04

14.535 FGNSB 16-AUG-2020

98.84

15.23

-0.04

14.817 FGNSB 20-SEP-2020

99.28

15.24

-0.05

13.059 FGNSB 18-OCT-2020

96.14

15.24

-0.06

13.091 FGNSB 15-NOV-2020

96.07

15.24

-0.06

12.738 FGNSB 13-DEC-2020

95.3

15.25

-0.07

13.098 FGNSB 17-JAN-2021

95.82

15.25

-0.08

11.277 FGNSB 14-FEB-2021

92.08

15.25

-0.08

11.746 FGNSB 14-MAR-2021

92.81

15.26

-0.09

11.75 FGNSB 18-APR-2021

92.58

15.26

-0.1

10.48 FGNSB 16-MAY-2021

89.65

15.27

-0.1

11.34 FGNSB 13-JUN-2021

91.32

15.27

-0.11

11.483 FGNSB 11-JUL-2021

91.43

15.27

-0.11

14.50 15-JUL-2021

98.08

15.33

-0.17

11.668 FGNSB 15-AUG-2021

91.62

15.28

-0.12

16.39 27-JAN-2022

102.74

15.3

-0.15

13.48 FGNGB 22-DEC-2022

94.63

15.22

-0.13

12.75 27-APR-2023

92.08

15.19

-0.11

14.20 14-MAR-2024

96.69

15.11

-0.08

13.53 23-MAR-2025

93.11

15.23

0.07

12.50 22-JAN-2026

87.72

15.33

0.2

16.2884 17-MAR-2027

105.06

15.21

0.08

13.98 23-FEB-2028

94.08

15.17

-0.07

15.00 28-NOV-2028

97.94

15.39

0.13

12.49 22-MAY-2029

84.91

15.4

0.12

8.50 20-NOV-2029

63.63

15.41

0.11

10.00 23-JUL-2030

70.82

15.43

0.1

12.1493 18-JUL-2034

80.29

15.52

0.01

12.40 18-MAR-2036

81.58

15.48

0.14

16.2499 18-APR-2037

104.57

15.49

-0.07

16.2499 18-APR-2037

113.5

14.17

0

Source: FMDQ

 

Treasury Bills

as @ Fri Sep 14 2018

Maturity

Discount

Yield

Change (%)

NTB 27-Sep-18

14.04

14.11

7.62

NTB 4-Oct-18

14.03

14.14

0.49

NTB 11-Oct-18

14.04

14.18

-0.67

NTB 18-Oct-18

14.15

14.34

-0.47

NTB 25-Oct-18

13.95

14.17

-0.41

NTB 1-Nov-18

13.99

14.25

0.53

NTB 8-Nov-18

14.03

14.33

-0.32

NTB 15-Nov-18

14.1

14.44

-0.35

NTB 22-Nov-18

14.04

14.42

-0.29

NTB 29-Nov-18

13.74

14.15

-0.68

NTB 6-Dec-18

14.42

14.91

0.77

NTB 13-Dec-18

13.61

14.09

-0.31

NTB 20-Dec-18

13.53

14.03

-0.56

NTB 27-Dec-18

13.76

14.33

-0.22

NTB 3-Jan-19

14.2

14.84

0.5

NTB 10-Jan-19

13.73

14.37

-0.01

NTB 17-Jan-19

13.72

14.39

-0.34

NTB 24-Jan-19

13.69

14.4

-0.38

NTB 31-Jan-19

13.6

14.34

-0.35

NTB 7-Feb-19

13.61

14.39

-0.26

NTB 14-Feb-19

13.9

14.76

0.88

NTB 21-Feb-19

13.9

14.8

0.17

NTB 28-Feb-19

13.54

14.43

0.83

NTB 7-Mar-19

13.13

14.01

1.56

NTB 14-Mar-19

13.25

14.18

-0.21

NTB 21-Mar-19

12.99

13.92

-0.62

NTB 4-Apr-19

13.71

14.84

0.07

NTB 18-Jul-19

13.86

15.69

0.24

NTB 1-Aug-19

13.47

15.28

-0.18

NTB 18-Jul-19

11.96

13.44

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)     Market Players Selloff Bills above 14% as CBN extends OMO offer to the 1-year

b)     Yield Curve Nears Inversion as DMO Clears 1-Year Bill at 15.60% eff. Yield

c)      Market Players Risk off T-bills, as CBN Elongates OMO Tenor above the 300day Mark

d)     Ahead of Next T-bills Auction Scheduled for 12th Sept, 2018

e)     Market Players Demand Higher Rates for OMO, as PMA Approaches

f)       CBN Raises OMO Stop Rates, Succumbs to Investor Pressure PMA Holds this Wednesday

g)     Average T-Bills Yield Rose by 15bps to Close the Week at 12.36%

h)    Yields Trend Higher following Hike in CBN OMO Stop Rate

 

3.       Commodities

Brent crude oil prices went up by +1.73% WoW to $77.81 per barrel

Also, WTI up by +0.89% WoW to $68.16 per barrel

 

Commodity

14-Sep-18

07-Sep-18

31-Dec-17

Weekly Chg

YTD Chg

Brent

77.81

76.49

66.87

1.73%

16.36%

WTI

68.16

67.56

60.42

0.89%

12.81%

Gold

1198.69

1197.05

1296.38

0.14%

-7.54%

Silver

14.15

14.2

16.88

-0.35%

-16.17%

Platinum

801.98

778

928

3.08%

-13.58%

Palladium

985.41

988.3

1058

-0.29%

-6.86%

Source: Bloomberg, TheAnalyst 

4.     Forex

The FX market experienced mixed performance during the week. The BDC rate closed flat while the CBN, IEFX and the NAFEX rates all depreciated by 0.02 respectively.

FX

14-Sep-18

07-Sep-18

% Chg

BDC

360.5

360.5

0.00%

CBN

306.25

306.2

0.02%

I & E

362.71

362.63

0.02%

NAFEX

362.7

362.62

0.02%

Source: FMDQ, CBN, Everdon


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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