Market Review and Round-Up of Corporate News Announced During The Week Ending 270718

Proshare

Friday, July 27, 2018 / 05:45 PM / Proshare Markets 
 

Key Highlights

  • The equities market recorded positive performance – the listed equities market recorded +0.09% gain WoW while the NASD OTC also went up by +1.19% WoW.
  • The BDC rate closed flat while the NAFEX, CBN and the I&E FX rates all depreciated during the week.
  • The Brent Crude Oil price moved up at the end of the week while the WTI also went up.

 

1.      Equity

NSE

  • The NSEASI went up by +0.09% WoW.
  • NSE Insurance Index topped the sectoral indices list with +2.16% gain while NSE Industrial Index recorded the highest drop by -4.40%.

 

Market Performance

Sectors

20-Jul-18

27-Jul-18

WoW Chg

NSE ASI

   36,603.44

   36,636.97

0.09%

NSE-30

       1,642.22

      1,642.22

0.00%

NSE Food and Beverages

          858.39

         856.75

-0.19%

NSE Banking

          449.05

         457.89

1.97%

NSE Insurance

           143.63

          146.73

2.16%

NSE Oil and Gas

          309.15

         297.58

-3.74%

NSE LII

2,512.08

2,526.94

0.59%

NSE-IND

1,864.82

1,782.73

-4.40%

NSE-ASeM

798.75

810.39

1.46%

NSE Pension

1,383.86

1,376.05

-0.56%

NSE Premium

2,663.89

2,659.58

-0.16%

NSE Main Board

1,609.44

1,614.64

0.32%

NSECG

1,427.80

1,448.58

1.46%

 Source: NSE, Proshare Research 

For more updates on market index performance visit here

 

NASD

The NASD USI went up by +1.19% WoW

Market CAP also went up by +1.19% WoW

The unlisted OTC market recorded +1,013.93% growth in Volume Traded and +832.75% growth in Value.

 

Parameter

27-Jul-18

20-Jul-18

Chg

USI

707.45

699.13

1.19%

MKT Capitalization (Bn)

478.75

473.12

1.19%

Volume Traded

        580,691

          52,130

1013.93%

Value Traded (000)

    55,326.14

      5,931.50

832.75%

Deals Executed

20

13

53.85%

 Source: NASD Plc

 

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

 

Corporate News and Results for the Week

a)     FCMB Q2 2018 results - PBT Grew by 109% YoY to N3.8bn

b)     11 Plc Q2 2018 Results Reviews - PAT grew by 126% YoY to N2.7bn

c)      Okomu Oil Q2 2018 Results -Operating Expenses Declined By -26% YoY to –N1.5bn.

d)     Understanding Lafarge’s H1 2018 Results

e)     OKOMUOIL Q2 2018 Result- Volumes Slump Drives Earnings Weakness

f)       Lafarge Africa PLC - H1 Fails to Flatter, Rights Issue to Provide Reprieve

g)     DANGSUGAR H1 2018 Results- Losing Competitiveness to Border Sneak

h)    Lafarge Africa Plc Q2''18 Results - Unchanged Rhetoric, As Earnings Remain Depressed

i)       Unilever Nigeria Q2 2018 Results Review: Retaining Underperform Rating

j)       Lafarge Africa Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways

k)     AUSTINLAZ Releases Q1 Result and Announces Victory in Court Case Over BOI

l)       Dangote Cement PLC H1 2018: On Track For a Strong FY’18 Performance

m)  ETRANZACT to Hold its 14th Annual General Meeting on Thursday 30 August, 2018

n)    SEPLAT Board Approves Q2 2018 Financial Results

o)     Oando Shares Spike after Senate Approved Outstanding Subsidy Claims for Oil Marketers

p)     ABCTRANS Announces the Appointment of Directors

q)     GNI Notifies on Proposed Voluntary Delisting from the Main Board of the NSE

r)      Cutix Plc Announces its Board Meeting Resolutions

s)      WEMABANK Notifies On Possible Issuance of Bond in the Near Future

t)      Dangote Cement Invests $3bn on Plants, Grinding Terminals Across Africa

 

 

2.       Fixed Income and Bonds

FGN Bonds

as @ Fri Jul 27 2018

Description

Price

Yield

Change (%)

13.01 FGNSB 22-MAR-2019

100.14

12.77

0.22

12.794 FGNSB 12-APR-2019

100

12.78

0.22

13.189 FGNSB 17-MAY-2019

100.28

12.8

0.21

13.189 FGNSB 14-JUN-2019

100.29

12.82

0.2

16.00 29-JUN-2019

102.71

12.83

0.2

13.386 FGNSB 12-JUL-2019

100.48

12.84

0.2

13.535 FGNSB 16-AUG-2019

100.58

12.93

0.25

13.817 FGNSB 20-SEP-2019

100.76

13.08

0.35

12.059 FGNSB 18-OCT-2019

98.71

13.21

0.43

7.00 23-OCT-2019

93.05

13.23

0.45

12.091 FGNSB 15-NOV-2019

98.53

13.33

0.51

11.738 FGNSB 13-DEC-2019

97.85

13.46

0.6

12.098 FGNSB 17-JAN-2020

98.01

13.61

0.7

15.54 13-FEB-2020

102.42

13.73

0.78

10.277 FGNSB 14-FEB-2020

95.34

13.66

0.71

10.746 FGNSB 14-MAR-2020

95.78

13.66

0.69

13.794 FGNSB 12-APR-2020

100.18

13.67

0.67

10.75 FGNSB 18-APR-2020

95.57

13.67

0.66

9.48 FGNSB 16-MAY-2020

93.38

13.68

0.64

14.189 FGNSB 17-MAY-2020

100.8

13.68

0.64

10.34 FGNSB 13-JUN-2020

94.53

13.68

0.62

14.189 FGNSB 14-JUN-2020

100.81

13.68

0.62

14.386 FGNSB 12-JUL-2020

101.17

13.69

0.59

14.535 FGNSB 16-AUG-2020

101.49

13.69

0.56

14.817 FGNSB 20-SEP-2020

102.08

13.68

0.52

13.059 FGNSB 18-OCT-2020

98.84

13.67

0.48

13.091 FGNSB 15-NOV-2020

98.88

13.66

0.45

12.738 FGNSB 13-DEC-2020

98.15

13.65

0.42

13.098 FGNSB 17-JAN-2021

98.86

13.65

0.37

11.277 FGNSB 14-FEB-2021

94.98

13.64

0.34

11.746 FGNSB 14-MAR-2021

95.88

13.63

0.3

11.75 FGNSB 18-APR-2021

95.79

13.62

0.26

10.48 FGNSB 16-MAY-2021

92.79

13.61

0.23

11.34 FGNSB 13-JUN-2021

94.66

13.61

0.2

14.50 15-JUL-2021

101.91

13.69

-0.17

16.39 27-JAN-2022

107.73

13.55

-0.08

13.48 FGNGB 22-DEC-2022

99.46

13.64

-0.15

12.75 27-APR-2023

96.8

13.67

-0.17

14.20 14-MAR-2024

101.64

13.76

-0.24

13.53 23-MAR-2025

98.15

13.95

-0.15

12.50 22-JAN-2026

92.69

14.11

-0.07

16.2884 17-MAR-2027

111.42

13.96

-0.05

13.98 23-FEB-2028

98.37

14.29

-0.02

15.00 28-NOV-2028

104.45

14.16

-0.04

12.49 22-MAY-2029

90.82

14.16

-0.03

8.50 20-NOV-2029

68.44

14.17

-0.03

10.00 23-JUL-2030

76.21

14.18

-0.02

12.1493 18-JUL-2034

86.9

14.25

0.03

12.40 18-MAR-2036

87.73

14.32

-0.03

16.2499 18-APR-2037

113.12

14.22

0.06

Source: FMDQ

 

Treasury Bills

as @ Fri Jul 27 2018

Maturity

Discount

Yield

Change (%)

NTB 2-Aug-18

11.54

11.56

0

NTB 9-Aug-18

10.87

10.91

0.22

NTB 16-Aug-18

10.75

10.81

0.01

NTB 23-Aug-18

10.67

10.75

0.11

NTB 30-Aug-18

10.75

10.86

-0.18

NTB 6-Sep-18

10.77

10.9

-0.08

NTB 13-Sep-18

12.09

12.28

1

NTB 20-Sep-18

10.88

11.06

0.28

NTB 27-Sep-18

10.46

10.64

-0.03

NTB 4-Oct-18

11.33

11.57

0.39

NTB 11-Oct-18

11.01

11.26

0.17

NTB 18-Oct-18

10.94

11.22

0.06

NTB 25-Oct-18

11.02

11.33

0.12

NTB 1-Nov-18

10.98

11.31

-0.06

NTB 8-Nov-18

11

11.36

0

NTB 15-Nov-18

11.05

11.43

-0.08

NTB 22-Nov-18

11.09

11.5

0.25

NTB 29-Nov-18

10.8

11.21

0.03

NTB 6-Dec-18

12.07

12.62

-0.05

NTB 13-Dec-18

11.98

12.55

-0.03

NTB 20-Dec-18

11.88

12.47

-0.18

NTB 27-Dec-18

11.93

12.56

-0.05

NTB 3-Jan-19

12.2

12.89

-0.06

NTB 10-Jan-19

12

12.7

-0.11

NTB 17-Jan-19

11.64

12.32

-0.11

NTB 24-Jan-19

11.98

12.73

0.23

NTB 31-Jan-19

11.66

12.41

0.23

NTB 7-Feb-19

11.99

12.8

-0.04

NTB 14-Feb-19

12.02

12.88

0

NTB 14-Mar-19

12.25

13.28

-0.02

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)     DMO Publishes 2017 Debt Sustainability Analysis

b)     DMO Raises N66.9bn at the July 2018 FGN Bond Auction

c)      Bond Yields Trend Higher as Market players Cut losses on the 10-Yr

d)     Bond Yields Expected to Tick Higher following Weak Auction Results

e)     Key Message On 8.25% US$300m FBN Finance Co BV Subordinated Callable Note Due 2020

f)       Nigeria’s MPC retains benchmark rates, leans toward tighter policy

g)     Average T-Bills Rates Settle At 11.4% as June Inflation Prints At 11.2% Ahead Of MPC Meeting

h)    June 2018 Inflation figure posts at 11.23%, markets shrug in reaction

i)       Fixed Income Market Monitor- The Open Buy Back Rate (OBB) Rose by 6.08% to 15.00% WoW

j)       CBN commences sale of Chinese Renminbi at its retail auction

 

 

3.     Commodities

Brent crude oil prices went up by +2.63% WoW to $74.63 per barrel

Also, WTI up by +0.12% WoW to $69.58 per barrel 

Commodity

27-Jul-18

20-Jul-18

31-Dec-17

Weekly Chg

YTD Chg

Brent

74.63

72.72

66.87

2.63%

11.60%

WTI

69.58

69.5

60.42

0.12%

15.16%

Gold

1223.95

1228.35

1296.38

-0.36%

-5.59%

Silver

15.48

15.45

16.88

0.19%

-8.29%

Platinum

828

823.5

928

0.55%

-10.78%

Palladium

925

883

1058

4.76%

-12.57%

Source: Bloomberg, TheAnalyst

  

4.     Forex

The FX market experienced mixed performance during the week. The BDC rate closed flat as NAFEX, the CBN and the I&E FX rates all depreciated with 0.27%, 0.02% and 0.07% respectively.

 

FX

27-Jul-18

20-Jul-18

% Chg

BDC

360

360

0.00%

CBN

305.9

305.85

0.02%

I & E

361.91

361.65

0.07%

NAFEX

362

361.02

0.27%

Source: FMDQ, CBN, Everdon

 

FX News

a)     Forex: CBN Flags off SMIS in Chinese Yuan

b)     Nigeria Sells Yuan For First Time as It Deepens China Ties

  

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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