Weekly Market Review – Reap finance

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The upcoming general elections and uncertainties in Nigeria’s political terrain is 
beginning to impact negatively on businesses as the Nigerian Stock Exchange market 
witnessed a fall in prices of some major shares this week i.e 22/6/2018. Prices of Dangote 
Cement, SEPLAT Oil Plc and Unilever Plc etc witnessed a loss of 3.46%, 9.26% and 3.64% 
(WoW) respectively. The Equity Market Capitalization and All Share Index were not left 
behind as they also witnessed a total loss of 2.74% and 2.72% respectively as against last 
week. 
The Naira witnessed gains of 0.02% against the US dollar, the British Pound Sterling and 
Euros also lost 1.16% and 1.57% respectively (WoW). This strength in Naira could be as a 
result of the stable increase in Oil prices which serves as the major source of foreign 
revenue. 
The trade war between the US, China and EU is far from being over as the US President 
Donald Trump threatens to impose a 20% tariff on cars exported into the States from the 
EU while the EU’s tariff on goods exported from the US has taken its full force. This trade 
war is negatively impacting on businesses as Dow Jones Industrial Average (DJIA) 
witnessed a 2.03% fall in its index (WoW), CAC40 fell by 2.08%, DAX also fell by 3.31% 
while the S&P 500 marginally fell by 0.89% as against last week. 
So far, the world still needs oil and the Organization of Oil Exporting Countries (OPEC) 
meeting which was believed by analyst to end in a deadlock as a result of (OPEC 
member) Saudi Arabia and (Non OPEC member) Russia’s demand for increase in 
production quantity so as to cater for the shortfall of supply by Venezuela and Iran but 
after careful deliberation by member States a 600,000bpd was approved. This sole 
decision gave investors a boost as the oil price rose by 2.53% as against last week. This 
indication is against the laws of demand and supply, the world keep her fingers crossed 
and wait how long this upward surge in oil prices sustain itself. 
https://www.youtube.com/watch?v=0iSxBYWDGFs
1.0 NIGERIAN CAPITAL MARKET
This Week (22/6/2018) Last Week(14/6/2018) Week on Week Change % Change
Stocks
Dangote Cement (N) 230.3 239 -8.7 -3.64
Nigerian Breweries (N) 112 110 2 1.82
Guaranty Trust Bank (N) 40.05 41.5 -1.45 -3.49
Nestle Plc (N) 1495 1495 0 0.00
Zenith Bank (N) 25.7 26.4 -0.70 -2.65
WAPCO (N) 40 39.1 0.90 2.30
Seplat (N) 685 754.9 -69.90 -9.26
ETI (N) 20.2 20 0.20 1.00
Unilever Plc (N) 53 55 -2.00 -3.64
Stanbic IBTC (N) 48.75 49 -0.25 -0.51
Access Bank Plc (N) 10.4 10.6 -0.20 -1.89
Forte Oil (N) 35.8 36.95 -1.15 -3.11
UBA (N) 10.7 11 -0.30 -2.73
Guinness Plc (N) 97.5 97 0.50 0.52
Total (N) 193.3 193.3 0.00 0.00
First Bank (N) 10.6 10.85 -0.25 -2.30
Union Bank (N) 5.9 6.2 -0.30 -4.84
Dangote Sugar (N) 19 19.4 -0.40 -2.06
PZ (N) 19.95 20.75 -0.80 -3.86
Equity Market Capitalization (N) 13,715,721,381,685.30 14,101,698,856,627.80 -385977474942.50 -2.74
Bond Market Capitalization (N) 10,028,478,267,202.30 10,028,478,570,849.90 -303,647.60 0.00
All Share Index 37,862.53 38,923.02 -1060.49 -2.72
2.0 NIGERIAN MONEY MARKET
CBN Exchange Rates (USD to Naira) 305.35 305.4 -0.05 -0.02
CBN Exchange Rates (Pound to Naira) 402.5734 407.312 -4.7386 -1.16
CBN Exchange Rates (Euro to Naira) 353.4732 359.1199 -5.6467 -1.57
CBN Exchange Rates (Yuan to Naira) 47.1549 47.6997 -0.5448 -1.14
Interbank Exchange Rates (USD to Naira) 305.85 305.9 -0.05 -0.02
Interbank Exchange Rates (Pound to Naira) 403.2326 407.9788 -4.75 -1.16
Interbank Exchange Rates (Euro to Naira) 354.052 359.7078 -5.66 -1.57
Interbank Exchange Rates (Yuan to Naira) 47.2326 47.7782 -0.55 -1.14
Parallel Market Exchange Rates (USD to Naira) 362 362 0 0.00
Parallel Market Exchange Rates (Pound to Naira) 483 488 -5 -1.02
Parallel Market Exchange Rates (Euro to Naira) 420 425 -5 -1.18
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 ($) 75.30 73.44 1.86 2.53
5.0 International Capital Market
Dow Jones Industrial Average (DJIA) 24,580.89 25090.48 -509.59 -2.03
S & P 500 2,754.88 2,779.66 -24.78 -0.89
FTSE 7682.27 7,633.91 48.36 0.63
CAC40 5387.38 5,501.88 -114.50 -2.08
Dax 12,579.72 13,010.55 -430.83 -3.31
Nikkei 22,516.83 22,851.75 -334.92 -1.47
6.0 International Money Market
% %
LIBOR Rate 1night -0.44186 -0.44014 -0.00172 0.39
7days -0.42843 -0.42743 -0.001 0.23
30days -0.39686 -0.398 0.00114 -0.29
90days -0.36786 -0.35429 -0.01357 3.83
365days -0.23214 -0.234 0.00186 -0.79
7.0 Cross Rates
USD to Pound Sterling 0.754 1.3278 -0.5738 -43.21
USD to Euro 0.8577 0.8613 -0.0036 -0.42
Pound to Euro 1.3262 0.8744 0.4518 51.67
Euro to Pound 0.8791 1.161 -0.2819 -24.28