Market Review and Round-Up of Corporate News Announced During The Week Ending 310818

Proshare

Friday, August 31, 2018 / 08:58 PM / Proshare Markets 

 

Key Highlights

  • The equities market recorded positive performance – the listed equities market recorded -1.63% loss WoW while the NASD OTC also went down by -0.24% WoW.
  • The BDC rate closed flat while the IEFX rate depreciated as the NAFEX rate appreciated 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 down by -1.63% WoW.
  • NSE Oil & Gas Index moved up by +0.97% while NSE Industrial Index recorded the highest drop by -4.73%.

Market Performance

Sectors

24-Aug-18

31-Aug-18

WoW Chg

NSE ASI

      35,426.17

      34,848.45

-1.63%

NSE-30

        1,582.08

         1,561.37

-1.31%

NSE Food and Beverages

            817.57

            820.35

0.34%

NSE Banking

            424.84

            418.50

-1.49%

NSE Insurance

             138.95

             138.83

-0.09%

NSE Oil and Gas

            295.38

            298.24

0.97%

NSE LII

2,455.40

2,450.55

-0.20%

NSE-IND

1,750.30

1,667.55

-4.73%

NSE-ASeM

809.92

809.92

0.00%

NSE Pension

1,288.23

1,284.29

-0.31%

NSE Premium

2,606.81

2,527.13

-3.06%

NSE Main Board

1,544.54

1,539.52

-0.33%

NSECG

1,381.56

1,349.42

-2.33%

Source: NSE, Proshare Research

 

For more updates on market index performance visit here

 

NASD

The NASD USI moved down by -0.24% WoW

Market CAP also moved down by -0.24% WoW

The unlisted OTC market recorded +32.79% growth in Volume Traded and +51.12% growth in Value.

 

Parameter

31-Aug-18

24-Aug-18

Chg

USI

693.14

694.78

-0.24%

MKT Capitalization (Bn)

469.07

470.18

-0.24%

Volume Traded

     2,671,260

      2,011,580

32.79%

Value Traded (000)

     35,156.77

      23,264.14

51.12%

Deals Executed

8

5

60.00%

 

Source: NASD Plc

 

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

 

Corporate News and Results for the Week

a)     UBA Plc H1'' 18 Results - Resilient Performance; Company Declares N0.20 Dividend per Share

b)     FCMB: Credit Shrink Informs Revision to 2018 Estimate

c)      The Day After CBN Fines – DIAMONDBNK, STANBIC and MTN Share Prices Drop

d)     Access Bank Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways

e)     ROYALEX to Hold an Emergency Board Meeting on 11th September, 2018

f)       Diamond bank Notifies of Regulatory Fine in Relation to MTN

g)     UBA Reports Q2 2018 Results – H1 PAT of N30.7bn trails Consensus Forecast of N85.2bn

h)    Access Bank Reports Q2 2018 Results – PBT and PAT Both Declined by 23% YoY

i)       Stanbic IBTC Notifies of Regulatory Fine in Relation to MTN

j)       SEPLAT Announces Listing of USD350,000,000 9.25% Senior Notes Due 2023 on The London Stock Exchange

k)     ALERT: Again, NEM Trades 52.18% of Total Market Volume Today

l)       Dangote Cement Plc - Value Stock; Outlook Still Broadly Positive

m)  11 PLC Q2 2018 Results Review: Neutral Rating Maintained

n)    NSE Lifts Suspension Placed on the Trading in the Shares of Standard Alliance Insurance Plc

o)     Zenith Bank Plc Invited By EFCC Over Rivers State Government Account

p)     Oando Plc Eyes Growth After Curbing $2.5 Billion Debt

q)     Resort Savings and Loans Announces Decision to Retain their Current Location

r)      Lafarge Africa Plc to Hold Extra-Ordinary General Meeting on Sep 25 2018

s)      FIDELITYBK Announces Its Closed Period

 

2.       Fixed Income and Bonds

FGN Bonds

as @ Fri Aug 31 2018

Description

Price

Yield

Change (%)

13.01 FGNSB 22-MAR-2019

99.79

13.38

0.16

12.794 FGNSB 12-APR-2019

99.58

13.5

0.17

13.189 FGNSB 17-MAY-2019

99.65

13.7

0.19

13.189 FGNSB 14-JUN-2019

99.5

13.86

0.21

16.00 29-JUN-2019

101.57

13.94

0.22

13.386 FGNSB 12-JUL-2019

99.48

14.02

0.23

13.535 FGNSB 16-AUG-2019

99.39

14.21

0.26

13.817 FGNSB 20-SEP-2019

99.52

14.31

0.23

12.059 FGNSB 18-OCT-2019

97.66

14.33

0.18

7.00 23-OCT-2019

92.48

14.33

0.17

12.091 FGNSB 15-NOV-2019

97.53

14.35

0.12

11.738 FGNSB 13-DEC-2019

96.95

14.37

0.07

12.098 FGNSB 17-JAN-2020

97.16

14.4

0.01

15.54 13-FEB-2020

101.38

14.43

-0.07

10.277 FGNSB 14-FEB-2020

94.65

14.42

-0.04

10.746 FGNSB 14-MAR-2020

95

14.42

-0.07

13.794 FGNSB 12-APR-2020

99.11

14.41

-0.07

10.75 FGNSB 18-APR-2020

94.75

14.41

-0.07

9.48 FGNSB 16-MAY-2020

92.65

14.4

-0.06

14.189 FGNSB 17-MAY-2020

99.67

14.4

-0.06

10.34 FGNSB 13-JUN-2020

93.71

14.4

-0.06

14.189 FGNSB 14-JUN-2020

99.67

14.39

-0.06

10.483 FGNSB 11-JUL-2020

93.71

14.39

-0.06

14.386 FGNSB 12-JUL-2020

99.98

14.39

-0.06

14.535 FGNSB 16-AUG-2020

100.26

14.38

-0.05

14.817 FGNSB 20-SEP-2020

100.78

14.36

-0.05

13.059 FGNSB 18-OCT-2020

97.64

14.36

-0.05

13.091 FGNSB 15-NOV-2020

97.65

14.35

-0.05

12.738 FGNSB 13-DEC-2020

96.92

14.34

-0.04

13.098 FGNSB 17-JAN-2021

97.55

14.33

-0.04

11.277 FGNSB 14-FEB-2021

93.79

14.32

-0.04

11.746 FGNSB 14-MAR-2021

94.62

14.31

-0.03

11.75 FGNSB 18-APR-2021

94.48

14.3

-0.03

10.48 FGNSB 16-MAY-2021

91.56

14.29

-0.03

11.34 FGNSB 13-JUN-2021

93.33

14.28

-0.02

11.483 FGNSB 11-JUL-2021

93.53

14.27

-0.02

14.50 15-JUL-2021

100.48

14.27

0

16.39 27-JAN-2022

105.69

14.21

0

13.48 FGNGB 22-DEC-2022

96.67

14.53

0.06

12.75 27-APR-2023

93.69

14.65

0.09

14.20 14-MAR-2024

97.17

14.96

0.15

13.53 23-MAR-2025

93.64

15.08

0.11

12.50 22-JAN-2026

88.29

15.18

0.08

16.2884 17-MAR-2027

105.38

15.14

0.09

13.98 23-FEB-2028

94.29

15.13

0.07

15.00 28-NOV-2028

99.03

15.18

0.05

12.49 22-MAY-2029

85.93

15.18

0.05

8.50 20-NOV-2029

64.5

15.17

0.04

10.00 23-JUL-2030

71.86

15.17

0.04

12.1493 18-JUL-2034

82.01

15.17

0

12.40 18-MAR-2036

83.92

15.02

0

16.2499 18-APR-2037

107.26

15.07

0

16.2499 18-APR-2037

113.5

14.17

0

Source: FMDQ

 

Treasury Bills

as @ Fri Aug 31 2018

Maturity

Discount

Yield

Change (%)

NTB 13-Sep-18

9.66

9.69

-3

NTB 20-Sep-18

9.16

9.2

-2.37

NTB 27-Sep-18

9.76

9.83

-1.03

NTB 4-Oct-18

12.42

12.57

0.39

NTB 11-Oct-18

11.08

11.22

-0.57

NTB 18-Oct-18

11.27

11.43

-0.48

NTB 25-Oct-18

11.17

11.36

-0.44

NTB 1-Nov-18

11.06

11.27

0

NTB 8-Nov-18

11.22

11.46

-0.13

NTB 15-Nov-18

10.7

10.94

-0.94

NTB 22-Nov-18

11.13

11.42

-0.11

NTB 29-Nov-18

10.94

11.24

-0.46

NTB 6-Dec-18

13.01

13.48

-0.07

NTB 13-Dec-18

11.83

12.24

-0.52

NTB 20-Dec-18

12.36

12.84

0

NTB 27-Dec-18

12.28

12.78

-0.3

NTB 3-Jan-19

12.24

12.78

0

NTB 10-Jan-19

12.44

13.03

-0.09

NTB 17-Jan-19

12.4

13.01

-0.2

NTB 24-Jan-19

12.52

13.18

0

NTB 31-Jan-19

12.36

13.04

0.03

NTB 7-Feb-19

12.51

13.24

-0.03

NTB 14-Feb-19

12.37

13.11

0.11

NTB 14-Mar-19

12.37

13.25

-0.63

NTB 21-Mar-19

12.3

13.2

-0.25

NTB 4-Apr-19

12.99

14.07

0.94

NTB 18-Jul-19

12.97

14.64

0.37

NTB 18-Jul-19

12.13

13.62

0.32

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)     Bond Yields Hit 9-Month High as CBN holds off on OMO Sale

b)     Bond Yields to Break 15% Resistance, as DMO Clears 1yr PMA Bill at c.15% Effective Yield

c)      Bond Bulls Cherry-Pick on Higher Yielding Maturities as Market Maintains Balance

d)     Summary of August 2018 FGN Bond Auction Results

e)     Short end T-bill Yields Trend Lower as Market players Maintain Risk Averse Posture

f)       Fixed Income Market Monitor - Average T-Bills Yield Fell by 5bps to Close The Week at 12.15%

g)     Markets close on a Calm note as Locals Remain Net Buyers of Bonds

h)    Bond Yields Moderate Slightly on Renewed Local Demand

i)       Another Mark of Debt Externalisation

j)       Yields Retrace Slightly as Offshore Sellers Take a Breather

k)     Bearish Trend Sustained as Average Rate Advanced 19bps to 11.7%

l)       Investment Opportunities in Commercial Papers

m)  Fixed Income Market Monitor – Overnight Rate Fell to 833%

n)    Bond yields Test 15% levels amid continued Offshore Selloff

o)     Market Sentiment remains weak as EM pressures Persist

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

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

 

3.     Commodities

Brent crude oil prices went up by +1.96% WoW to $77.48 per barrel

Also, WTI up by +1.49% WoW to $70.06 per barrel

 

Commodity

31-Aug-18

24-Aug-18

31-Dec-17

Weekly Chg

YTD Chg

Brent

77.48

75.99

66.87

1.96%

15.87%

WTI

70.06

69.03

60.42

1.49%

15.95%

Gold

1202.75

1207.37

1296.38

-0.38%

-7.22%

Silver

14.55

14.82

16.88

-1.82%

-13.80%

Platinum

791.29

787

928

0.55%

-14.73%

Palladium

980.46

946

1058

3.64%

-7.33%

Source: Bloomberg, TheAnalyst

 

 

4.     Forex

The FX market experienced mixed performance during the week. The BDC rate closed flat as the CBN, IEFX and the NAFEX rates all depreciated by 0.02%, 0.08% and 0.17% respectively.

 

FX

31-Aug-18

24-Aug-18

% Chg

BDC

360

360

0.00%

CBN

306.15

306.1

0.02%

I & E

362.5

362.21

0.08%

NAFEX

362.91

362.29

0.17%

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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