Bills and Equity, what happened yesterday?   

12 November 2018

Equity: The market ended trading last week on a mildly negative note, moderating 9bps on the day but closing +23bps higher w/w. With weak sentiment continuing to drive tepid activity, analysts foresee another mixed to negative start to this week’s trading. 

Stock Watch: After hitting its year-low ofN9.00 last week Friday, UACN gained 11.11% last week to settle atN10.00. The stock is trailing its year-open price ofN16.90 by 41%. 

Fixed Income: With the CBN keeping a lid on system liquidity, analysts expect trading to remain muted in the T-bills space today. Meanwhile, analysts expect mild demand in the bond space this week as the announcement of a Eurobond issuance this month is likely to increase the expectation of reduced bond supply. 

Reporting for EasyKobo on Monday , 12 November 2018 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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