Breakfast Report - 15 June, 2019
Equity: As Q2 earnings begin to come into focus – though we do not foresee any positive surprise on major counters – we believe there might be respite for the market from the losses recorded in recent sessions and foresee a more mixed trading pattern this week.
Stock Watch: CHI advanced in Friday’s session to close at ₦0.30 – its highest price in the last 6 months. The Insurance player has appreciated c.650bps in the last month.
Fixed Income: We expect trading in the T-bills space to remain relatively mixed at the start of the week. Meanwhile, in the bond market we expect investors to take a cautious approach at the beginning of the week, as they await guidance on rate direction from the CBN.
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