Weekly Update!!! Nigerian Stock Exchange Performance, Possible Outcomes – See Detailed Day To Day Activities

By Joshua Amaugo May 14, 2018 15:57

Weekly Update!!! Nigerian Stock Exchange Performance, Possible Outcomes – See Detailed Day To Day Activities

After depreciating for four consecutive days, indicators of the performance of the Nigerian Stock Exchange, NSE, rebounded by 0.26 percent, on Friday, last week.

The market capitalization, which opened at N14.820trn, rose by N39bn or 0.26 percent, to close at N14.859trn.

Also, the All-Share Index appreciated by 107.37 points or 0.26 percent, to close at 41,022.31, compared with the 40,914.94, posted on Thursday.

A total turnover of 1.586 billion shares worth N25.992 billion in 21,115 deals, were traded by Investors on the floor of the Exchange, in contrast to a total of 1.331 billion shares valued at N20.835 billion, that exchanged hands last week, in 18,695 deals.

Recall, that the NSE Weekly Market Report presents a summary of all activities relating to securities trading on The NSE’s market.

It includes detailed summary of securities traded in the week under review, company-specific financials, corporate actions and other announcements.

The Financial Services Industry (measured by volume) led the activity chart last week with 1.360 billion shares valued at N20.378 billion traded in 11,936 deals; thus contributing 85.80% and 78.40% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 52.727 million shares worth N2.125 billion in 3,301 deals. The third place was occupied by Oil and Gas Industry with a turnover of 50.092 million shares worth N783.716 million in 2,153 deals.

Trading in the Top Three Equities namely – FCMB Plc, Guaranty Trust Bank Plc And Zenith Bank International Plc (measured by volume) accounted for 745. 049 million shares worth N17.507 billion in 2,757 deals, contributing 46.69% and 67.36% to the total equity turnover volume and value respectively.

According to the recently published FMDQ bulletin, the total turnover of fixed income instrument in March 2018 stood at N6.74 trillion, reflective of a 7.4% increase in turnover when compared to the previous month.

Outstanding Treasury Bills sustained its upward trajectory at the end of the period under review, as it rose from N12.6 trillion in February 2018 to N13.2 billion in March; thus, beefing up the outstanding treasury bills mass by 4.8%. Outstanding federal government bond at the end of March rose to N10.95 trillion, as it reflects a 48% astronomical increase when compared to the end of 2017.

The astronomical increase pinpoint the administration’s current stance of shifting from short-term financing instrument to long-term financing instrument to fund the budget with the aim of reducing the pace witnessed in interest recurrent expenditure.

The 6 to 12-month bucket made up of 48% of the total fixed instrument traded throughout the first quarter of 2018. The spread between the 10yr and 3 year closed -1.12 in March and -0.54 over the entire quarter.

See Chart

Source: FMDQ

Source: FMDQ

Meanwhile, the total amount of repos traded in the month of March alone stood at N2.62 trillion, therefore rising by 28.93% when compares to the previous month of 2017.  Thus, average repos in the first quarter of 2018 stood at N2.177 trillion dipping by 18.2% and 27% compared to the previous month and corresponding quarter. However, average overnight fell from 19.91% in February to 15.97% in March. The muted dynamic sterilization approach adopted by the Central Bank in the first quarter of 2018 coupled with improved dollar liquidity has rubbed positively on overnight rate.

Other Developments

In the week ahead, the National Bureau of Statistics (NBS), will make available Inflation figures for the month of April 2018. In recent times, headline inflation has experienced two months of sustained decline on the back of renewed momentum in base effect, persistent decline in both input and output price coupled with pronounced deceleration in the pace of food inflation. Thus, it is expected that inflation will maintain the current trajectory in the month of April, as it further cave inwards.

Activity For Monday, May 14, 2018

The Lagos Business School will commence receipt of Applications for its Research Workshop 2018 this day, while Fidelity Bank Plc will be marked down by the NSE; having declared a dividend of N0.11 in the preceding week.

Tuesday, May 15, 2018

UAC of Nigeria Plc and Okomu Oil Plc, will be marked down by the NSE this day; having declared a dividend of N0.65 and N3.00, respectively in the preceding week.

The Brandzone Consulting #LightUpNigeriaConference themed “Repositioning the Energy Sector for Growth” and the FBN Holdings Annual General Meeting (AGM) will hold this day in Lagos; while the TechFest Event and the ConMin West Africa Conference will kick off this day in Lagos and Abuja, respectively.

The Ripples Nigeria Dialogue which will lead by Prof. Wole Soyinka on the subject “Can Nigeria be fixed” and the Centre for Democracy & Development Political Parties Discussion Series will hold this day in Lagos and Abuja, respectively.

The Chartered Institute of Personnel Management of Nigeria (CIPM) Training on “Competency Management” and the Solar Future Nigeria Conference will commence this day in Lagos and Abuja, respectively; while Total Facilities Management Limited hosts a Facilities Management Forum in commensuration of the World Facilities Management (FM) Day and the Lagos International Maritime Week 2018 kicks off this busy Tuesday.

Wednesday, May 16, 2018

The National Bureau of Statistics (NBS) is scheduled to release the Automotive Gas Oil, Liquefied Petroleum Gas, National Household Kerosene and Premium Motor Spirit Price Watch for April 2018 this day, while Rencap holds its Investors Conference on the same date in Lagos.

Lafarge Africa Plc will hold its Annual General Meeting (AGM) this day in Lagos, while Meristem’s Financial Statement, Company & Industry Analysis Training kicks off on the same day. The IDC CIO Summit 2018 holds this day in Lagos.

Thursday, May 17, 2018          

Seplat Petroleum Development Company Plc will be marked down by the NSE; having declared a dividend of $0.05 in the preceding week.

The National Bureau of Statistics (NBS) is scheduled to release the Consumer Price Index (CPI) and Inflation Report for April 2018 this day, while Sterling Bank Plc equally holds its Annual General Meeting (AGM).

The Nigerian American Chamber of Commerce (NACC) will hold its May 2018 Breakfast Meeting this day, while the Enterprise Development Centre (EDC) of the Pan-Atlantic University will hold its Work-Life Balance Series on the same day.

Friday, May 18, 2018          

The National Bureau of Statistics (NBS) is scheduled to release the Selected Food Prices and Transport Fare Watch for April 2018 this day, while the Valedictory Address by the Outgoing President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof Segun Ajibola, will hold this day in Lagos.

Saturday, May 19, 2018

The Chartered Institute of Bankers of Nigeria (CIBN) Investiture of its New President will hold this day in Lagos, while the 2018 Blockchain & Cryptocurrency Conference will equally kick off on the same date.

The 2018 Young Professionals Lagos (YPLagos) Event will hold this day.

#SPONSORED!!!

(FREE) Shocking Nigerian Foods that Banished my POT BELLY, excess Fat and Overweight In just 2weeks – CLICK HERE TO GET IT!!!

 

Which Nigerian Political Party Will You Be Supporting In The 2019 General Elections???

View Results

Sponsored