Comercio Partners

Comercio Partners

5/14/2025, 2:52:24 PM

*₦1 Billion and Beyond – Thank You!* Together, we’ve crossed a monumental milestone — ₦1 billion in CP Money Market Fund assets. This milestone reflects your trust and our shared commitment to safe, consistent returns. Thank you for walking this journey with us. The future is brighter—and we’re just getting started. — Sales Team

Comercio Partners

5/27/2025, 8:23:12 AM

Dear All ‘Tuesday Money Talk is starting soon , and we remain dedicated to enhancing your financial literacy. If you haven’t had the chance to join us yet, now is the perfect time to start! So join us TODAY. Register to join us!! Date: 27th of May 2025 Time: 10:00 am - 11:00 am Venue: ZOOM Click the link below to join https://us02web.zoom.us/j/88638545618?pwd=ZjFUTnRxa2xUbWhrUGt0UllnWUVLQT09#success

Comercio Partners

5/26/2025, 3:51:47 PM

Dear All ‘Tuesday Money Talk is tomorrow, and we remain dedicated to enhancing your financial literacy. If you haven’t had the chance to join us yet, now is the perfect time to start! So join us Tomorrow. Register to join us!! Date: 27th of May 2025 Time: 10:00 am - 11:00 am Venue: ZOOM Click the link below to register https://lu.ma/MoneyTalk?locale=en-GB

Comercio Partners

5/26/2025, 12:25:51 PM

*CP Market Commentary* 23/05/2025 FX Reserves: $38.56bn NFEM Window: ₦1580.44/$ Interbank Rates: 26.92% Liquidity open: ₦431.87bn The Treasury Bills market opened quietly, with limited activity, particularly on long-tenor bills like the April 2026 OMO, quoted at 22.00%/21.80%. Sentiment shifted slightly as participants anticipated ₦1.1 trillion in OMO maturities. In response, the CBN offered ₦500 billion across 182-day and 210-day tenors in an OMO auction, attracting ₦743.25 billion in bids and allotting ₦655.25 billion. Stop rates rose sharply to 23.77% (+112bps) and 23.98% (+126bps), respectively. Mid-week, investor interest picked up, particularly in the 14 Apr OMO bill, though offers were scarce. The PMA also drew strong interest, with ₦1.17 trillion in subscriptions for ₦500 billion on offer. ₦615.8 billion was allotted, while stop rates for the 91-day and 182-day bills held at 18.00% and 18.50%, and the 364-day bill dropped 7bps to 19.56%. The week ended on an active note, as unmet demand from the PMA spurred buying interest. The newly issued 364-day bill was bid at 19.40%, with offers at 19.30%, and trades were seen on the 16 Dec OMO bill at 23.10%. Week-on-week, the average benchmark yield decreased by 9bps to close at 19.98%. The FGN bond market opened the week on a quiet note, with muted activity across the curve. The 2033 maturity was initially quoted at 20.00%, reflecting the cautious sentiment ahead of the MPC decision, where the CBN held all policy parameters unchanged. Mid-week, the market remained subdued as focus shifted to the NTB auction. Nonetheless, selective interest was seen on the short end, with trades on the 2027 maturity at 19.50% and the 2031 bond quoted at 19.90%/19.80%. The week ended on a similarly quiet note, with light trading activity. The 2033 maturity was bid at 19.95% and offered at 19.90%, consistent with the cautious tone that defined the week. Week-on-week, the average benchmark yield declined by 2bps to close at 18.59%. The Eurobond market opened the week on a bearish note, initially pressured by news of a U.S. government downgrade, which triggered a brief uptick in yields as investors reassessed risk. Sentiment was further dampened by reports that OPEC+ may increase oil production. Nonetheless, the initial selloff was short-lived and had limited market impact. Mid-week, the market rebounded slightly despite a lack of clear catalysts. U.S. macro data came in stronger than expected, with flash manufacturing and services PMIs both printing at 52.3, above forecasts, and jobless claims slightly below expectations. These supported sentiment modestly. The market opened on a bullish note later in the week, though momentum faded towards the close. Oil prices remained largely stable, with WTI settling around $61.5. Week-on-Week, the average benchmark yield decreased by 22bps to 9.54%. The local bourse ended the day with the benchmark NGX All-Share Index (ASI) declining by 14bps to close at 109,028.62. Market capitalization also decreased, closing at ₦68.52 trillion. Market breadth was positive at 1.36x. Meanwhile, trading activity was mixed on the day, as the volume of shares traded decreased by 14.37% to 637.54 million units, while the total value of shares traded declined by 0.22% to ₦18.12 billion. Reflecting the week’s performance, the NGX All-Share Index recorded a 0.62% decline, as gains in CUTIX (+21.92%), CUSTODIAN (+21.45%) and REDSTAREX (+20.90%) were offset by losses in NEIMETH (-17.03%), ABCTRANS (-15.59%), and TRANSCOHOT (-15.03%). Overall, the NGX has posted a year-to-date gain of 5.93%. Other notable indices are the NGX Top 30 Index (-0.13%; -0.50% 1WK; 5.71% YTD), NGX Banking Index (1.48%; -1.52% 1WK; 6.59% YTD), NGX Oil & Gas Index (-0.29%; 0.66% 1WK; -3.44% YTD), and NGX Insurance Index (-0.66%; 0.73% 1WK; -5.84% YTD) *CP Trading* *Comercio Partners*

Comercio Partners

2/27/2025, 8:10:16 AM

*CP Market Commentary* 26/02/2024 FX Reserves: $38.58bn NFEM Window: ₦1499.08/$ Interbank Rates: 32.21% (rate increased from 30.57%, following significant reduction of liquidity in the system) Liquidity open: ₦840.39 billion short (driven by the 910.4bn outflow for bond auction settlement) The FGN Treasury Bills market traded with a bullish undertone, as activity on the 19-Feb NTB cleared at 19.65%, while bids on the 10-Feb paper held firm at 19.00% amid thin offers. Day-on-day, the average benchmark yield declined by 4bps to close at 19.83%. The FGN Bonds market saw an active session with a clear bullish bias. The 2031s changed hands at lows of 18.65%, while the 2029s were quoted at 18.75%/18.45%. Further down the curve, trades on the long end printed at 16.30%. Day-on-day, the average benchmark yield declined by 18bps to close at 18.71%. The FGN Eurobonds market extended its recovery from the previous session, buoyed by sentiment ahead of the U.S. Q4 GDP release. Day-on-day, the average benchmark yield declined by 6bps to close at 8.67%. The NGX All-Share Index (ASI) appreciated by 2bps to close at 107,798.99 with market capitalization also increasing, closing at ₦67.19 trillion. Market breadth was positive at 2.06x, with 33 advancers and 16 decliners. Top gainers were AFRIPRUD (+9.90%), CAVERTON (+9.87%) and OMATEK (+8.22%), while top losers were GUINEAINS (-10.00%), EUNISELL (-9.68%), and TIP (-8.02%). Trading activity was mixed on the day, with the volume of shares traded decreasing by 32.25% to 245.17 million units, while the total value of shares traded decreased by 16.79% to ₦8.40 billion. The most actively traded stocks by volume and value were ACCESSCORP and ZENITHBANK. *CP Trading* *Comercio Partners*

Comercio Partners

2/25/2025, 9:25:03 AM

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Comercio Partners

2/24/2025, 5:10:41 PM

Dear All ‘Tuesday Money Talk is tomorrow, and we remain dedicated to enhancing your financial literacy. If you haven’t had the chance to join us yet, now is the perfect time to start! So join us Tomorrow. Register to join us!! Date: 25th of February 2025 Time: 10:00 am - 10:30 am Venue: ZOOM Click the link below to register https://lu.ma/MoneyTalk?locale=en-GB

Comercio Partners

2/21/2025, 9:24:30 AM

*CP Market Commentary* 20/02/2024 FX Reserves: $38.78bn NFEM Window: ₦1494.03/$ Interbank Rates: 32.67% Liquidity open: ₦1.73 trillion short (leading to increased reliance by Deposit Money Banks (DMBs) on the Standing Lending Facility (SLF), with total borrowings rising to N1.835 trillion) The FGN Treasury bills market treated on an active note particularly skewed to the newly issued 364-day NTB which traded at 18.05%. The 10 Feb OMO bill was also seen bid at 19.70% and offered at 19.40%. Day-on-day, the average benchmark yield declined by 1.67% to close at 20.24%. The FGN Bonds Market traded on an active note with trades consummated on the 34s and 35s at 19.55% and 20.35%, respectively. In addition, the 2033 maturity was seen bid at 20% while offers stood at 19.80%. Today, the MPC Committee voted to keep all parameters constant while the DMO released the bond offer circular featuring N200bn on the 29s and N150bn on the 31s with the removal of the 35s. Day-on-day, the average benchmark yield declined by 10bps to close at 19.52%. The FGN Eurobonds Market witnessed a bullish session following the FOMC Minutes, which showed that the Feds will be slowing down quantitative tightening. This overshadowed concerns regarding the inflation risk from Trump tariffs. Initial jobless claims released today came in 4K above the 215K forecast. Day-on-day, the average benchmark yield declined by 4bps to 8.82%. The NGX All-Share Index (ASI) declined by 4bps to close at 108,568.50 with market capitalization closing at ₦67.67 trillion. Market breadth was positive at 1.33x, with 32 advancers and 24 decliners. Trading activity was mixed on the day, with the volume of shares traded increasing by 22.41% to 420.02 million units, while the total value of shares traded decreased by 2.37% to ₦8.41 billion. The most actively traded stocks by volume were ELLAHLAKES and ZENITHBANK with 22.98 million units, and GTCO with 20.83 million units, in terms of value, GTCO led with ₦1.31 billion. *CP Trading* *Comercio Partners*

Comercio Partners

2/24/2025, 8:03:52 PM

Dear All ‘Tuesday Money Talk is tomorrow, and we remain dedicated to enhancing your financial literacy. If you haven’t had the chance to join us yet, now is the perfect time to start! So join us Tomorrow. Register to join us!! Date: 25th of February 2025 Time: 10:00 am - 10:30 am Venue: ZOOM Click the link below to register https://lu.ma/MoneyTalk?locale=en-GB