1. 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
-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.
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