Weekly Market Review

0
0

Investors in the capital market seem to have gone into a jittery mode as prices of some major stocks went down this week i.e 6/7/2018. Prices of Nigerian Breweries Plc, Nestle Plc, Forte Oil and Dangote Cement etc witnessed a loss of N3.1k (2.71%), N75 (4.76%), N6.50k (19.79%) and N4 (1.75%) WoW respectively. The All Share Index and the Equity Market Capitalization witnessed the same fate as they both lost 1.71% as against last week. The cause of this downward trend in the prices of Equities in the Capital Market could be deduced to be the uncertain political situation in the country and prices of crude oil; most investors are trying to be very cautious of their investment decisions.
The Naira shrank against the US dollar by 0.03%, the British Pound Sterling and the Chinese Yuan by 0.18% and 1.04% respectively WoW. This sudden down ward movement of the Naira could be as a result of the decrease in Oil prices which is the country’s major source of revenue.
The trade war between the United States and China is no longer a speculation as it came to effect on Friday with a slap of $34bn tariff on Chinese export to the US; and without wasting time the Chinese government reciprocated the gesture against the US export to China. Though, the effect is yet to felt as at the end of the business week but the coming business week promises to be an interesting one.
The effect of the increases in Crude Oil production quantity by Saudi Arabia and OPEC is beginning to take its toll on the prices of Crude Oil as it lost $2.33 (2.93%) as against last week. Expectations and decisions of investors and Crude Oil dealers around the world in the coming week would be a critical one; also the push for more sanctions against the Iranian government by President Donald Trump promises to put investors on high alert.
The world is looking forward to feel the impact of politics on their economies.

1.0 NIGERIAN CAPITAL MARKET
This Week (6/7/2018) Last Week(29/6/2018) Week on Week Change % Change
Stocks
Dangote Cement (N) 225 229 -4 -1.75
Nigerian Breweries (N) 111.1 114.2 -3.1 -2.71
Guaranty Trust Bank (N) 41.5 40.5 1 2.47
Nestle Plc (N) 1500 1575 -75 -4.76
Zenith Bank (N) 24.3 25 -0.70 -2.80
WAPCO (N) 39 40.95 -1.95 -4.76
Seplat (N) 650 650 0.00 0.00
ETI (N) 20 20 0.00 0.00
Unilever Plc (N) 51.5 52.5 -1.00 -1.90
Stanbic IBTC (N) 52 52 0.00 0.00
Access Bank Plc (N) 10.4 10.35 0.05 0.48
Forte Oil (N) 26.35 32.85 -6.50 -19.79
UBA (N) 10.35 10.5 -0.15 -1.43
Guinness Plc (N) 97 97.75 -0.75 -0.77
Total (N) 210 210 0.00 0.00
First Bank (N) 10.5 10.6 -0.10 -0.94
Union Bank (N) 5.95 6.1 -0.15 -2.46
Dangote Sugar (N) 18.5 19 -0.50 -2.63
PZ (N) 19 20.7 -1.70 -8.21
Equity Market Capitalization (N) 13,629,890,947,545.50   13,866,424,680,580.20 -236,533,733,034.70 -1.71
Bond Market Capitalization (N)   10,058,536,558,840.60   10,109,372,295,224.90 -50,835,736,384.30 -0.50
All Share Index 37,625.59 38,278.55 -652.96 -1.71
2.0 NIGERIAN MONEY MARKET
CBN Exchange Rates (USD to Naira) 305.2 305.3 -0.1 -0.03
CBN Exchange Rates (Pound to Naira) 403.6575 404.4004 -0.7429 -0.18
CBN Exchange Rates (Euro to Naira) 357.5418 356.4683 1.0735 0.30
CBN Exchange Rates (Yuan to Naira) 45.9102 46.3907 -0.4805 -1.04
Interbank Exchange Rates (USD to Naira) 305.7 305.8 -0.1 -0.03
Interbank Exchange Rates (Pound to Naira) 404.3188 405.0627 -0.74 -0.18
Interbank Exchange Rates (Euro to Naira) 358.1276 357.0521 1.08 0.30
Interbank Exchange Rates (Yuan to Naira) 45.9858 46.4671 -0.48 -1.04
Parallel Market Exchange Rates (USD to Naira) 361 362 -1 -0.28
Parallel Market Exchange Rates (Pound to Naira) 480 485 -5 -1.03
Parallel Market Exchange Rates (Euro to Naira) 418 420 -2 -0.48
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 ($) 77.11 79.44 -2.33 -2.93
5.0 International Capital Market
Dow Jones Industrial Average (DJIA) 24,456.48 24,271.41 185.07 0.76
S & P 500 2,759.82 2,718.37 41.45 1.52
FTSE 7,617.70 7,636.93 -19.23 -0.25
CAC40 5,375.77 5,323.53 52.24 0.98
Dax 12,496.17 12,306.00 190.17 1.55
Nikkei 21,788.14 22,304.51 -516.37 -2.32
6.0 International Money Market
% %
LIBOR Rate                                                   1night -0.44043 -0.439 -0.00143 0.33
                                                                   7days -0.42486 -0.42486 0 0.00
                                                                       30days -0.39757 -0.394 -0.00357 0.91
                                                                       90days -0.35686 -0.35714 0.00028 -0.08
                                                                      365days -0.23743 -0.23071 -0.00672 2.91
7.0 Cross Rates
USD to Pound Sterling 0.7528 0.7571 -0.0043 -0.57
USD to Euro 0.8514 0.8559 -0.0045 -0.53
Pound to Euro 1.1309 1.1684 -0.0375 -3.21
Euro to Pound 0.8843 0.8846 -0.0003 -0.03