Nigerian Stock Market Review- January

0
22
market review

The Nigerian Stock Market saw a resurgence of confidence in January as investors rode on the back of a rising oil price to stick their skin deeper into the game. The NSE All Share Index leapt by about 16% between the close of business in December and the same period in January to pull many stocks farther away from close to their book values. Almost all the stocks in the NSE 20 most capitalized companies category recorded price gains.

Though many stock markets in the developed economies also enjoyed a bullish ride in January, the Nigerian situation was the most significant. The Dow Jones Industrial Average, still smarting from the expectation of a Trump tax cut and yet to be unveiled infrastructural spending, recorded about 6% jump while other markets such as Paris Stock Exchange, the Frankfurt Exchange and the Tokyo Stock Exchange also witnessed some bump in their indices. Only the FTSE (London Stock Exchange) dropped by about 2.4% notably on account of lack coherent strategy and policy specifics from the Theresa May led government on Brexit.

The optimistic outlook for the Nigerian economy has kept many key macro variables stable even though the 2019 General Election Programmes are expected to lead to some readjustment of portfolios in the second half of the year. The Naira remains upbeat, maintaining an even keel at the various markets as CBN continues to boost the confidence in the local currency through an active intervention in the market, particularly from the side of the Investor & Exporter (I & E) window.

NIGERIAN CAPITAL MARKET









31/1/2018
29/12/2017
29/12/2017
Month on Month Change
% Change
YTD Change
% Change

Stocks








Dangote Cement (N)
270.00
230.00
230.00
40.00
17.39
40.00
17.39

Nigerian Breweries (N)
147.00
134.90
134.90
12.10
8.97
12.10
8.97

Guaranty Trust Bank (N)
49.15
40.75
40.75
8.40
20.61
8.40
20.61

Nestle Plc (N)
1,470.00
1,555.99
1,555.99
- 85.99
- 5.53
- 85.99
- 5.53

Zenith Bank (N)
31.00
25.64
25.64
5.36
20.90
5.36
20.90

WAPCO (N)
54.95
44.89
44.89
10.06
22.41
10.06
22.41

Seplat (N)
685.00
626.22
626.22
58.78
9.39
58.78
9.39

ETI (N)
20.00
17.00
17.00
3.00
17.65
3.00
17.65

Unilever Plc (N)
44.50
41.00
41.00
3.50
8.54
3.50
8.54

Stanbic IBTC (N)
46.00
41.50
41.50
4.50
10.84
4.50
10.84

Access Bank Plc (N)
12.95
10.45
10.45
2.50
23.92
2.50
23.92

Forte Oil (N)
50.95
43.48
43.48
7.47
17.18
7.47
17.18

UBA (N)
12.70
10.30
10.30
2.40
23.30
2.40
23.30

Guinness Plc (N)
113.00
94.00
94.00
19.00
20.21
19.00
20.21

Total (N)
231.00
229.95
229.95
1.05
0.46
1.05
0.46

First Bank (N)
13.95
8.80
8.80
5.15
58.52
5.15
58.52

7Up (N)
101.97
101.97
101.97
-
-
-
-

Union Bank (N)
7.90
7.80
7.80
0.10
1.28
0.10
1.28

Dangote Sugar (N)
21.00
20.00
20.00
1.00
5.00
1.00
5.00

PZ (N)
22.40
20.60
20.60
1.80
8.74
1.80
8.74

Equity Market Capitalization (N)
15,895,877,383,156.30
13,609,474,245,109.40
13,609,474,245,109.40
2,286,403,138,046.90
16.80
2,286,403,138,046.90
16.80

Bond Market Capitalization (N)
9,481,135,579,109.16
9,291,305,749,245.00
9,291,305,749,245.00
189,829,829,864.16
2.04
189,829,829,864.16
2.04

All Share Index
44,343.65
38,243.19
38,243.19
6,100.46
15.95
6,100.46
15.95

 

 


 NIGERIAN MONEY MARKET








CBN Exchange Rates (USD to Naira)
305.20
305.00
305.00
0.20
0.07
0.20
0.07
CBN Exchange Rates (Pound to Naira)
432.41
410.50
410.50
21.91
5.34
21.91
5.34
CBN Exchange Rates (Euro to Naira)
380.25
364.74
364.74
15.51
4.25
15.51
4.25
CBN Exchange Rates (Yuan to Naira)
48.49
46.73
46.73
1.76
3.77
1.76
3.77
Interbank Exchange Rates (USD to Naira)
305.70
306.05
306.05
- 0.35
- 0.11
- 0.35
- 0.11
Interbank Exchange Rates (Pound to Naira)
433.12
411.18
411.18
21.94
5.33
21.94
5.33
Interbank Exchange Rates (Euro to Naira)
380.87
365.33
365.33
15.54
4.25
15.54
4.25
Interbank Exchange Rates (Yuan to Naira)
48.57
46.81
46.81
1.76
3.77
1.76
3.77
Parallel Market Exchange Rates (USD to Naira)
364.00
363.00
363.00
1.00
0.28
1.00
0.28
Parallel Market Exchange Rates (Pound to Naira)
508.00
483.00
483.00
25.00
5.18
25.00
5.18
Parallel Market Exchange Rates (Euro to Naira)
450.00
425.00
425.00
25.00
5.88
25.00
5.88

 

CBN POLICY RATES



















Monetary Policy Rate (%)
14.00
14.00
14.00
-
-
-
-


Liquidity Ratio (%)
30.00
30.00
30.00
-
-
-
-


Cash Requirement Ratio (%)
22.50
22.50
22.50
-
-
-
-












 Macro Variables










GDP Growth Rate (%)
1.40
1.40
1.40
-
-
-
-


Unemployment Rate (%)
18.80
18.80
18.80
-
-
-
-


PMS Price (N)
145.00
145.00
145.00
-
-
-
-


Diesel Price (N)
200
195.00
195.00
5.00
2.56
5.00
2.56


Kerosene Price (N)
210
240.00
240.00
- 30.00
- 12.50
- 30.00
- 12.50


Oil Price Per Barrel ($)
68.99
60.09
60.09
8.90
14.81
8.90
14.81












 International Capital Market










Dow Jones Industrial Average (DJIA)
26,149.39
24,719.22
24,719.22
1,430.17
5.79
1,430.17
5.79


S & P 500
2,823.81
2,673.61
2,673.61
150.20
5.62
150.20
5.62


FTSE
7,502.50
7,687.77
7,687.77
- 185.27
- 2.41
- 185.27
- 2.41


CAC40
5,481.93
5,312.56
5,312.56
169.37
3.19
169.37
3.19


Dax
13,819.48
12,917.64
12,917.64
901.84
6.98
901.84
6.98


Nikkei
23,444.34
22,764.94
22,764.94
679.40
2.98
679.40
2.98



International Money Market










LIBOR Rate 1night
0.4724
0.47235
0.47235
-
-

-


7days
0.4880
0.47975
0.47975
0.01
1.72
0.01
1.72


30days
0.4943
0.49306
0.49306
0.00
0.25
0.00
0.25


90days
0.5245
0.52125
0.52125
0.00
0.62
0.00
0.62


365days
0.7991
0.76725
0.76725
0.03
4.15
0.03
4.15


Federal Reserve Bank Rate
1.5000
1.5
1.5
-
-
-
-


European Central Bank Rate
- 0.4000
-0.4
-0.4
-
-
-
-



 Cross Rates










USD to Pound Sterling
1.4174
1.3503
1.3503
0.07
4.97
0.07
4.97


USD to Euro
1.2395
1.2003
1.2003
0.04
3.27
0.04
3.27


Pound to Euro
0.8745
0.1537
0.1537
0.72
468.97
0.72
468.97


Euro to Pound
1.1435
0.8889
0.8889
0.25
28.64
0.25
28.64