Foreign Exchange Market * GDL FINANCIAL MARKET DAILY UPDATE 9th May, 2019 Creating Wealth and Transforming Society Economic Indices Headline News Nigerian president nominates cbank governor for second term – letter - Nigeria’s President Muhammadu Buhari has nominated Central Bank Governor Godwin Emefiele for a second five-year term, according to a letter read on the floor of the senate. Read more: Reuters 80 deepwater oil blocks not producing, says NNPC – Only seven out of the 87 deepwater oil blocks in Nigeria are producing, while six are at different phases of development, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said. Read more: Punch Select Macroeconomic Indices Indicators Year Beg . Month Beg. Current GDP (%) 2.38  PMI 58.50 57.40 Crude Price (US$/bbl)  45.89 55.80 69.73 External Reserve ($bn) 43.06 44.61 44.84 Inflation Rate 11.44 11.31 11.25 Monetary Indicators Indicators Year Beg. Month Beg. Current MPR (%) 14.00 13.50 Liquidity Ratio (%) 30.00 Cash Res. Ratio (Private) (%) 22.50 Equities Market Fixed Income NSE Market Highlights Indicators Previous Current % Change NSE ASI 28966.41 28896.25 -0.24% Mkt Cap (N'Trn) 10.89 10.86 Volume (Million) 324.81 215.20 -33.74% Value (N'Billion) 3.24 2.05 -36.74% Losers 21.00 19.00 -9.52% Gainers 8.00 -61.90% NSE Sectoral Indices Highlights Indicators Previous Current % Change NSE 30 1,301.77 1,296.45 -0.41% Banking 373.29 371.23 -0.55% Insurance 119.61 120.91 1.09% Oil & Gas 274.40 277.40 0.52% Consumer Goods 668.89 668.69 -0.03% Industrial 1,096.78 1,096.75 0.00% ASEM 806.91 Treasury Bills* DTM (Days) Previous Yield (%) Current Yield (%) % Change 3 Months 11.97 11.68 -2.42% 6 Months 13.31 13.47 1.20% 12 Months 14.35 14.43 0.56% FX Market Foreign Exchange Market * US$1/N Previous Current % Change CBN 306.95 307.00 0.02% I&E FX Window 361.24 360.99 -0.07% CBN SMIS Window 356.46 356.60 0.04% FGN Bonds* TTM (Years) Previous Yield (%) Current Yield (%) % Change 3 Years 14.80 14.53 -1.82% 5 Years 14.45 14.47 0.14% 7 Years 14.56 14.60 0.27% 10 Years 14.51 14.58 0.48% 20 Years 14.63 14.55 -0.55% Top 5 Gainers Indicators Previous Price Current Price % Change VERITASKAP 0.20 0.22 10.00% MANSARD 1.85 1.95 5.41% FCMB 1.80 1.89 5.00% REGALINS 0.25 0.26 4.00% AFRIPRUD 3.81 3.93 3.15% Top 5 Losers Indicators Previous Price Current Price % Change JAPAULOIL 0.30 0.27 -10.00% CAVERTON 2.71 2.44 -9.96% NEIMETH 0.61 0.55 -9.84% CHAMS 0.48 0.44 -8.33% AGLEVENT 0.26 0.24 -7.69% Commodities Class Open (%) Close (%) Change Brent Crude (US$/bbll) 70.43 69.73 -0.99% Natural Gas (US$/MMBtu) 2.60 2.57 -1.15% Gold (US$/t. oz) 1,281.17 1,284.88 0.29% NASD Market Highlights Indicators Previous Current % Change USI 765.59 0.00% Mkt Cap (N’Bn) 550.03 Volume Traded (‘000 units) 178.94 9.52 -94.68% Value Traded (N’m) 8.64 1.22 -85.90% Deals Executed 9.00 7.00 -22.22% Money Market Commercial Papers * DTM (Days) Previous Yield (%) Current Yield (%) % Change 3 Months 14.83 0.00% 6 Months 16.09 12 Months NA NIBOR Rates *   Tenor Open (%) Close (%) Change O/N 10.86 6.64 -38.86% OBB 10.07 6.00 -40.42% Data Source: CBN, Bloomberg, FMDQ, NBS, NSE * Indicates information that may have a 24 to 48 hours lag Information in this report is believed to have been collated from credible sources and provided for information purposes only. Growth and Development Asset Management Limited is not liable for any error in the data or in the application or use of information contained therein. Contact Information research@gdl.com.ng (+234 705 564 6017) assetmanagement@gdl.com.ng (+234 813 783 2773) customerservice@gdl.com.ng(+234 705 443 5000)