• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Market Update: OMO expectations to drive trading sentiments in new week

Zedcrest Capital by Zedcrest Capital
May 6, 2019
in Business News, Politics, Securities
NSE records 18.18% decline in banks' market capitalisation, Best performing stocks on the NSE Year-to-date
Share on FacebookShare on TwitterShare on Linkedin

Welcome to daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price.

The report is dated May 3rd, 2019.

***Recurrent expenditure takes 70% of Consolidated Revenue Fund inflow*** — FG

RelatedStories

Naira , dollar, exchange rate

Naira holds below N1,600/$ in the holidays

June 10, 2025
OPEC, crude oil production

Jitters for Naira as OPEC+ increases production quota by 411,000 barrels per day  

May 31, 2025

Key Indicators

Bonds: The Bond market closed the week on a relatively calm note, with yields relatively flat across the curve, except for slight profit taking on the longer end of the curve (2037s), which had strengthened towards the c.14.50% mark in the previous session. We also witnessed some demand on the 2024s and slight sell interests on the 2021s.

We expect the market to resume the new week on a slightly bearish note, as the CBN is expected to renew its spate of OMO issuances in the money market.

Treasury Bills: Demand interests in the T-bills market remained relatively muted, despite the relatively boisterous system liquidity levels in the money market. This is mostly due to market expectation for a renewed OMO offering by the CBN in the coming week, given further expectations for renewed inflows from FAAC payments into the system.

We expect movement in T-bill yields to be largely determined by the spate and rate of OMO interventions by the CBN in the near term.

Money Market: The OBB and OVN rates declined further by c.1pct, as system liquidity remained positive at c.N250bn. The OBB and OVN rates consequently ended the session at 5.29% and 5.93% respectively.

We expect rates to be slightly pressured by a wholesale FX intervention and possible OMO sale by the CBN opening the new week.

FX Market: At the Interbank, the Naira/USD rate was unchanged at N306.95/$ (spot) and N356.46/$ (SMIS). The NAFEX closing rate in the I&E window, however, appreciated by 0.07% to N360.65/$, whilst market turnover declined by 15% to $161m. At the parallel market, the cash and transfer rates remained unchanged at N358.90/$ and N363.50/$ respectively.

Eurobonds: The NGERIA Sovereigns traded on a relatively flat note, with yields marginally higher by c.2bps on the mid end of the curve.

In the NGERIA Corps, investors remained bullish on the ETINL 24s, with resurgent interests also witnessed on the Access 21s Snr. We however witnessed slight profit taking on the DIAMBK 19s and Access 21s Sub.


Contact us: Dealing Desk: 01-6311667, Email: research@zedcrestcapital.com

Disclaimer:
Whilst proper and reasonable care has been taken in the preparation and accuracy of the facts and figures presented in this report, no responsibility or liability is accepted by Zedcrest Capital or its employees for any error, omission or opinion expressed herein. This report is not an investment research or a research recommendation and should not be regarded as such. The information provided herein is by no means intended to provide a sufficient basis on which to make an investment decision.


Follow us for Breaking News and Market Intelligence.
Tags: BONDSFX marketMoney Markettreasury bills
Zedcrest Capital

Zedcrest Capital

Related Posts

Naira , dollar, exchange rate
Currencies

Naira holds below N1,600/$ in the holidays

June 10, 2025
OPEC, crude oil production
Energy

Jitters for Naira as OPEC+ increases production quota by 411,000 barrels per day  

May 31, 2025
Naira , dollar, exchange rate
Currencies

Naira appreciates to N1,625/$1 in parallel market, N1,588.50/$1 at official 

May 21, 2025
CBN, forex
Breaking News

CBN injects $197.71 million into FX market to boost liquidity and stability 

April 5, 2025
Nigerian public officials get N721 billion in bribes in 2023
Breaking News

Nigeria’s money supply records first drop in 2025, falls to N110.32 trillion 

March 26, 2025
Financial Services

CBN committed to rooting out bad actors in Nigeria’s FX market – Cardoso 

March 25, 2025
Next Post
investors on NSE, Stock to watch this week, Airtel Africa

Presco and International Breweries make this week's watchlist

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • How Itana, FG’s partnership will create 100,000 jobs for Nigerians -Nella Andem-Ewa  
  • Nigeria, Ghana, and SA face volatility as half of African currencies show signs of depreciation – Report 
  • President Tinubu to address BRICS Summit on Nigeria’s economic reforms and investment drive 

Follow us on social media:

Recent News

How Itana, FG’s partnership will create 100,000 jobs for Nigerians -Nella Andem-Ewa  

How Itana, FG’s partnership will create 100,000 jobs for Nigerians -Nella Andem-Ewa  

July 5, 2025
Easy steps to build wealth through saving money in 2024

Nigeria, Ghana, and SA face volatility as half of African currencies show signs of depreciation – Report 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics