Market Review and Round-Up of Corporate News Announced During The Week Ending 170818

Proshare

Friday, August 17, 2018 / 06:25 PM / Proshare Markets 

Key Highlights

  • The equities market recorded mixed performance – the listed equities market recorded -0.51% loss WoW while the NASD OTC went up by +0.71% WoW.
  • The BDC rate closed flat while the CBN, IEFX and the NAFEX FX rates depreciated 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 -0.51% WoW.
  • NSE Industrial Index moved up by +1.29% while NSE Banking Index recorded the highest drop by -3.80%.

Market Performance

Sectors

10-Aug-18

17-Aug-18

WoW Chg

NSE ASI

     35,446.47

      35,266.29

-0.51%

NSE-30

         1,602.31

        1,589.77

-0.78%

NSE Food and Beverages

            845.30

            835.80

-1.12%

NSE Banking

            455.47

             438.14

-3.80%

NSE Insurance

             142.96

            137.87

-3.56%

NSE Oil and Gas

           300.50

            296.07

-1.47%

NSE LII

2,422.97

2,428.66

0.23%

NSE-IND

1,694.77

1,716.66

1.29%

NSE-ASeM

809.92

809.92

0.00%

NSE Pension

1,336.31

1,314.12

-1.66%

NSE Premium

2,512.59

2,527.30

0.59%

NSE Main Board

1,595.24

1,572.19

-1.44%

NSECG

1,427.79

1,402.84

-1.75%


Source: NSE, Proshare Research

For more updates on market index performance visit here

NASD

The NASD USI moved up by +0.71% WoW

Market CAP also moved up by +0.71% WoW

The unlisted OTC market recorded +339.25% growth in Volume Traded and +2338.49% growth in Value.

 

Parameter

17-Aug-18

10-Aug-18

Chg

USI

692.47

687.6

0.71%

MKT Capitalization (Bn)

468.62

465.32

0.71%

Volume Traded

      1,174,117

         267,300

339.25%

Value Traded (000)

     78,793.86

         3,231.25

2338.49%

Deals Executed

28

9

211.11%

Source: NASD Plc

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

Corporate News and Results for the Week

a)     STANBIC Q2 2018 Results - Another Earnings Beat Sees a Rating Revision to “HOLD”

b)     Resort Savings " Loans Plc Notifies on The Status of Its Re-Capitalization

c)      Multiverse Mining Exploration Plc Appoints Mr Mamman Bukar Zargana as Non-Executive Director

d)     FBNQUEST Merchant Bank Leads Listing By Introduction of Notore on NSE

e)     FORTISMFB Announces the Resignation of Mrs Bunmi Lawson as Interim Managing Director

f)       Academy Press Plc to Hold Its 54th AGM on Thursday, 27 September, 2018

g)     Stocks Listed Between 2008 and 2018: 8 Out of 50 Stocks Trade Above Their Listing Prices

h)    GTBank Q2 2018 Results Review: Buying Opportunity Post Recent Weakness

i)       Guaranty Trust Bank Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways

j)       Fidelity Bank, BOI, Ford Foundation Unveils Lending Scheme for Aba Leather Manufacturers

k)     Seplat Announces the Signing Of the Shareholder Agreement with NGPTC

l)       ALERT: UBA Trades 19.07% of Total Market Volume Today

m)  FLOURMILL Q1 2019 Results - Competitive Pressures Well Captured In Valuation

 

2.       Fixed Income and Bonds

FGN Bonds

as @ Fri Aug 17 2018

Description

Price

Yield

Change (%)

13.01 FGNSB 22-MAR-2019

99.86

13.24

0

12.794 FGNSB 12-APR-2019

99.71

13.24

0

13.189 FGNSB 17-MAY-2019

99.97

13.23

0.01

13.189 FGNSB 14-JUN-2019

99.96

13.23

0.02

16.00 29-JUN-2019

102.22

13.23

0.03

13.386 FGNSB 12-JUL-2019

100.12

13.22

0.03

13.535 FGNSB 16-AUG-2019

100.29

13.22

0.04

13.817 FGNSB 20-SEP-2019

100.43

13.37

0.06

12.059 FGNSB 18-OCT-2019

98.45

13.5

0.08

7.00 23-OCT-2019

93.05

13.52

0.08

12.091 FGNSB 15-NOV-2019

98.27

13.63

0.09

11.738 FGNSB 13-DEC-2019

97.58

13.76

0.11

12.098 FGNSB 17-JAN-2020

97.69

13.92

0.13

15.54 13-FEB-2020

101.93

14.05

0.16

10.277 FGNSB 14-FEB-2020

95.01

14.04

0.15

10.746 FGNSB 14-MAR-2020

95.37

14.07

0.17

13.794 FGNSB 12-APR-2020

99.57

14.08

0.19

10.75 FGNSB 18-APR-2020

95.11

14.08

0.2

9.48 FGNSB 16-MAY-2020

92.96

14.1

0.21

14.189 FGNSB 17-MAY-2020

100.14

14.1

0.21

10.34 FGNSB 13-JUN-2020

94.02

14.11

0.23

14.189 FGNSB 14-JUN-2020

100.11

14.11

0.23

10.483 FGNSB 11-JUL-2020

94.02

14.12

0.25

14.386 FGNSB 12-JUL-2020

100.42

14.12

0.25

14.535 FGNSB 16-AUG-2020

100.68

14.14

0.27

14.817 FGNSB 20-SEP-2020

101.17

14.15

0.29

13.059 FGNSB 18-OCT-2020

97.96

14.16

0.31

13.091 FGNSB 15-NOV-2020

97.94

14.18

0.33

12.738 FGNSB 13-DEC-2020

97.16

14.19

0.35

13.098 FGNSB 17-JAN-2021

97.76

14.2

0.37

11.277 FGNSB 14-FEB-2021

93.92

14.22

0.38

11.746 FGNSB 14-MAR-2021

94.71

14.23

0.4

11.75 FGNSB 18-APR-2021

94.53

14.24

0.43

10.48 FGNSB 16-MAY-2021

91.54

14.26

0.44

11.34 FGNSB 13-JUN-2021

93.28

14.27

0.46

11.483 FGNSB 11-JUL-2021

93.44

14.28

0.48

14.50 15-JUL-2021

99.59

14.66

0.21

16.39 27-JAN-2022

105.31

14.37

0.6

13.48 FGNGB 22-DEC-2022

96.8

14.48

0.35

12.75 27-APR-2023

94.06

14.52

0.25

14.20 14-MAR-2024

98.36

14.63

0

13.53 23-MAR-2025

94.95

14.74

0

12.50 22-JAN-2026

89.68

14.83

0

16.2884 17-MAR-2027

106.48

14.92

0.16

13.98 23-FEB-2028

95.59

14.86

0.14

15.00 28-NOV-2028

100.67

14.86

0.05

12.49 22-MAY-2029

87.39

14.86

0.06

8.50 20-NOV-2029

65.66

14.87

0.07

10.00 23-JUL-2030

73.13

14.87

0.08

12.1493 18-JUL-2034

83.33

14.91

0.15

12.40 18-MAR-2036

83.93

15.01

0.24

16.2499 18-APR-2037

113.5

14.17

0

16.2499 18-APR-2037

113.5

14.17

0

Source: FMDQ

 

Treasury Bills

as @ Fri Aug 17 2018

Maturity

Discount

Yield

Change (%)

NTB 30-Aug-18

10.23

10.26

0.21

NTB 6-Sep-18

9.9

9.95

0.2

NTB 13-Sep-18

11.15

11.25

0.21

NTB 20-Sep-18

10.22

10.32

-0.15

NTB 27-Sep-18

10.55

10.67

0.04

NTB 4-Oct-18

11.45

11.63

-0.23

NTB 11-Oct-18

11.36

11.55

0.15

NTB 18-Oct-18

11.5

11.73

0.29

NTB 25-Oct-18

11.4

11.65

0.15

NTB 1-Nov-18

12.16

12.47

0.32

NTB 8-Nov-18

11.35

11.65

0.01

NTB 15-Nov-18

11.28

11.6

0.19

NTB 22-Nov-18

11.25

11.6

0.05

NTB 29-Nov-18

11.56

11.95

0.13

NTB 6-Dec-18

12.34

12.82

-0.14

NTB 13-Dec-18

12.21

12.71

0.23

NTB 20-Dec-18

12.37

12.92

0.22

NTB 27-Dec-18

12.21

12.77

0.05

NTB 3-Jan-19

12.38

13

0

NTB 10-Jan-19

12.27

12.9

-0.04

NTB 17-Jan-19

12.64

13.35

0.43

NTB 24-Jan-19

12.29

12.99

0.02

NTB 31-Jan-19

12.44

13.19

0.22

NTB 7-Feb-19

12.33

13.1

0.11

NTB 14-Feb-19

12.43

13.25

-0.02

NTB 14-Mar-19

12.27

13.2

-0.13

NTB 21-Mar-19

11.89

12.79

0

NTB 4-Apr-19

12.21

13.23

-0.01

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 Sentiment remains weak as EM pressures Persist

b)     DANGCEM Proposed Issuance of 950 Billion Series 3 and 4 Commercial Paper

c)      Stop rates close higher at the fifth consecutive DMO FGN Bond auction

d)     DMO Releases Public Debt Data for June 2018; FGN Domestic Debt Declines

e)     EMs see respite as Turkey’s Lira recovers, local markets still on the decline

f)       EM Contagion continue to hit local markets as Bond Yields weaken further

g)     Fixed Income Market Monitor - OVN and OBB Rose to 9.25% and 8.42% Respectively

h)    Average T-Bills Rates Settle at 11.5% as T-Bills PMA and FGN Bond Auction Hold this Week

 

3.     Commodities

Brent crude oil prices went down by -1.78% WoW to $71.68 per barrel

Also, WTI down by -2.72% WoW to $65.82 per barrel

 

Commodity

17-Aug-18

10-Aug-18

31-Dec-17

Weekly Chg

YTD Chg

Brent

71.68

72.98

66.87

-1.78%

7.19%

WTI

65.82

67.66

60.42

-2.72%

8.94%

Gold

1178.68

1210.76

1296.38

-2.65%

-9.08%

Silver

14.66

15.29

16.88

-4.12%

-13.15%

Platinum

778.25

827

928

-5.89%

-16.14%

Palladium

895

904

1058

-1.00%

-15.41%

Source: Bloomberg, TheAnalyst

4.     Forex

The FX market experienced depreciation during the week. The BDC rate closed flat as the CBN, IEFX and the NAFEX rates all depreciated by 0.03%, 0.10% and 0.19% respectively.

 

FX

17-Aug-18

10-Aug-18

% Chg

BDC

360

360

0.00%

CBN

306.1

306

0.03%

I & E

362.12

361.75

0.10%

NAFEX

362.33

361.64

0.19%

Source: FMDQ, CBN, Everdon

FX News

a)     Forex: Wholesale Market, Others Get $210m CBN Boost

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

c)      Forex: CBN Intervenes With $210m

d)     CBN Notifies on the Revised Foreign Exchange Manual

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

f)       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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