WEEKLY MARKET REVIEW

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Economic activities in the Nigerian Stock Exchange went through a rebound last week as there was a 1.49% growth in Market capitalization and a 1.48% growth in the All share Index, these bullish attribute of the Stock Market should give investors some sigh of relief.

 

The boom currently experienced in the prices of Crude oil may soon be coming to an end due to the potential increase in production quantity of crude oil by Russia and Saudi Arabia, the pronouncement by these Two big players might have been the cause of a slight decrease in prices of Crude-oil as there’s a 1.6% decrease in prices of Brent crude in the past week.

So far, the Impact of the Tariff on Steel and Aluminium by Donald Trump on Canada, Mexico and EU is slightly minimal on the American economy probably because these countries have not implemented their retaliatory measures against the US. Overall, the world economies are all doing good as Dow Jones recorded a 3.14% growth in the last one week; also the S&P 500 recorded a significant 2.70% growth to mention just a few.

1.0 NIGERIAN CAPITAL MARKET
This Week (8/6/2018) Last Week(1/6/2018) Week on Week Change % Change
Stocks
Dangote Cement (N) 235.8 242.5 -6.7 -2.76
Nigerian Breweries (N) 117 110 7 6.36
Guaranty Trust Bank (N) 41.15 41 0.15 0.37
Nestle Plc (N) 1450.2 1540 -89.8 -5.83
Zenith Bank (N) 27.05 25.6 1.45 5.66
WAPCO (N) 39.8 36.6 3.20 8.74
Seplat (N) 711.1 734.7 -23.60 -3.21
ETI (N) 20 20.05 -0.05 -0.25
Unilever Plc (N) 55 49 6.00 12.24
Stanbic IBTC (N) 48.2 47.5 0.70 1.47
Access Bank Plc (N) 10.7 10.9 -0.20 -1.83
Forte Oil (N) 37 40.7 -3.70 -9.09
UBA (N) 10.95 10.6 0.35 3.30
Guinness Plc (N) 99.75 100 -0.25 -0.25
Total (N) 193.3 212 -18.70 -8.82
First Bank (N) 10.55 9.6 0.95 9.90
Union Bank (N) 10.95 5.8 5.15 88.79
Dangote Sugar (N) 20 17 3.00 17.65
PZ (N) 20.75 21.85 -1.10 -5.03
Equity Market Capitalization (N) 14,007,951,076,515.60 13,802,609,527,466.50 205,341,549,049.10 1.49
Bond Market Capitalization (N) 10,025,426,995,248.90 9,914,029,313,543.11 111,397,681,705.79 1.12
All Share Index 38,669.23 38,104.54 564.69 1.48
2.0 NIGERIAN MONEY MARKET
CBN Exchange Rates (USD to Naira) 305.45 305.45 0 0.00
CBN Exchange Rates (Pound to Naira) 409.1197 407.6536 1.4661 0.36
CBN Exchange Rates (Euro to Naira) 358.8732 357.3665 1.5067 0.42
CBN Exchange Rates (Yuan to Naira) 47.6465 47.6606 -0.0141 -0.03
Interbank Exchange Rates (USD to Naira) 305.95 305.95 0 0.00
Interbank Exchange Rates (Pound to Naira) 409.7894 408.3209 1.47 0.36
Interbank Exchange Rates (Euro to Naira) 359.4607 357.9615 1.50 0.42
Interbank Exchange Rates (Yuan to Naira) 47.7249 47.739 -0.01 -0.03
Parallel Market Exchange Rates (USD to Naira) 362 363 -1 -0.28
Parallel Market Exchange Rates (Pound to Naira) 490 495 -5 -1.01
Parallel Market Exchange Rates (Euro to Naira) 423 445 -22 -4.94
4.0 Macro Variables
PMS Price (N) 145 145 0 0
Diesel Price (N) 205 205 0 0
Kerosene Price (N) 210 210 0 0.00
Oil Price Per Barrel ($) 76.46 77.70 -1.24 -1.60
5.0 International Capital Market
Dow Jones Industrial Average (DJIA) 25311.92 24542.09 769.83 3.14
S & P 500 2,778.53 2,705.55 72.98 2.70
FTSE 7679.55 7678.2 1.35 0.02
CAC40 5450.22 5398.4 51.82 0.96
Dax 12,763.46 12,604.89 158.57 1.26
Nikkei 22,694.50 22207.32 487.18 2.19
6.0 International Money Market
% %
LIBOR Rate 1night -0.43843 -0.43843 0 0.00
7days -0.42529 -0.42457
30days -0.40086 -0.39943 -0.00143 0.36
90days -0.35171 -0.35057 -0.00114 0.33
365days -0.22686 -0.23143 0.00457 -1.97
7.0 Cross Rates
USD to Pound Sterling 1.3405 1.2346 0.1059 8.58
USD to Euro 1.1769 1.1559 0.021 1.82
Pound to Euro 0.878 0.8732 0.0048 0.55
Euro to Pound 1.139 1.1437 -0.0047 -0.41