Equity Market Report - 04 September, 2019 | InfoWARE Finance
Equity Market Report - 04 September, 2019
(Source: Vetiva Research, Date: 04-Sep-2019)
Daily Equity Market Report,
4th September, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
Market activity at the equities market today was dominated by the bears as sell offs in bellwethers stocks drove the index south. In the absence of any positive catalyst to sway investors confidence/sentiment we expect the bearish performance witnessed today to filter into tomorrow's trading session.
Stocks to Watch
On the Bid Cart: UACN (+989bps) led the 13 market gainers ending the day as the best performing stock after closing higher at ₦5.00. Trading at its lowest price/support level (₦4.50) on Monday UACN had witnessed bargain hunting which led to 11.11% rise in its price over the last 2 trading sessions. UACN has dipped 48.72% YTD.
On the Offer Cart: GUINNESS closed the day as the worst performing stock dipping 990bps to close at ₦37.30 (5 years low). The stock like other brewers has declined significantly during the year, reporting a YTD loss of 48.19% (INTBREW: -60.98%; NB: -40.88%; CHAMPION: -30.65%).
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