2 July 2018 ( Lagos )
Equity: After trading negatively for three consecutive days, bulls returned to the equity market on Friday, with the ASI closing 144bps higher (+110bps w/w). In spite of Friday’s positive close, analysts note that underlying market sentiment remains weak and they expect this to remain dominant this week, thus steering a mixed trading session.
: The NSE
is set to carry out its semi-annual review of its indices this week. The companies likely to be included in the NSE
30 are FCMB, OANDO, BETAGLAS, UACN
whilst DIAMONDBNK, JBERGER, FO, TRANSCORP
might exit the index. We expect to see increased activity on these stocks this week as fund managers adjust their positions accordingly.
Fixed Income: Notwithstanding the improved system liquidity (estimated at c.?80 billion), analysts expect mixed trading pattern to persist at today, on account of weak investor sentiment.
Reporting for EasyKobo on Monday , 2 July 2018 2018 in Lagos, Nigeria
Source: Analysts at Vetiva Capital Management Limited
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