Equity Market Report - 11 September, 2019 | InfoWARE Finance
Equity Market Report - 11 September, 2019
(Source: Vetiva Research, Date: 11-Sep-2019)
Daily Equity Market Report,
11th September, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
With the ASI gaining today largely on the back of bargain hunting on SEPLAT and NESTLE, this feat might not be repeated in the next trading session, as investors' are likely to take profit on today's gains. The market still remains soft and we expect market volatility to continue amidst apathy and lack of major catalyst.
Stocks to Watch
On the Bid Cart: NESTLE (+370bps) was one of the biggest movers today behind UNIONDAC (+870bps) and CORNERST (+741bps) in a relatively quiet session. The stock closed at ₦1,080 in the previous session close to its 52week low of ₦1,070.00 which triggered some bargain hunting in the name. The stock closed at ₦1,120.00, which is still at a discount to its 52wk high of ₦1,617.10.
On the Offer Cart: LIVESTOCK (769bps) closed as the biggest loser today on thin volumes. The Agricultural firm, which is a subsidiary of UACN, hardly enjoys investors patronage and has been consistently under pressure. The stock is currently trading at a 50% discount to its year high value of ₦0.72.
Top News
Daily Price List for 3rd May 2024
PRESCO PLC - FY 2023 QUICK TAKE
CardinalStone Earnings Update: DANGSUGAR: Huge FX losses wipeout earnings
MARKET PERFORMANCE REPORT
Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (03-May-2024 15:08:16.614)
InfoWARE Analyst Daily Market Report (03-May-2024 15:08:11.807)
ACCESS BANK - Q1 2024 QUICK TAKE
CardinalStone Earnings Update: NESTLE: Foreign exchange loss erodes Q1'24 earnings
CardinalStone Earnings Update - PRESCO Plc FY'23 audited and Q1'24 unaudited results - Strong topline and FX gains bolster earnings
DAILY PRICE LIST - 02-05-2024
Daily Price List
CardinalStone Earnings Update - FCMB Group Plc FY'23 audited & Q1'24 unaudited results - Higher operating income steers earnings expansion
CADBURY NIGERIA PLC - Q1 2024 QUICK TAKE
Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (02-May-2024 15:11:31.382)
InfoWARE Analyst Daily Market Report (02-May-2024 15:11:25.241)
NESTLE NIGERIA PLC - Q1 2024 QUICK TAKE
CardinalStone Earnings Update - TRANSCORP PLC: Robust diversified topline drive stellar Q1'24 earnings
CSL Nigeria Daily - 02 May 2024
Coronation Research Daily Insights
CardinalStone Earnings Update - Access Holdings Plc Q1'24 unaudited results - Improved yields bolster Q1'24 earnings
International Breweries PLC - Q1 2024 QUICK TAKE
Daily Price List for 30th April 2024
UACN PLC - Q1 2024 QUICK TAKE
Closing Share Prices as at Tuesday, 30th of April 2024
CardinalStone Earnings Update - MTNN Q1'24 Unaudited Result
MARKET PERFORMANCE REPORT
CardinalStone Earnings Update: UACN - Increased sales and foreign exchange gains drives Q1'24 earnings
Earnings Highlights | OKOMUOIL and MTNN Q1: 2024 Results
Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (30-Apr-2024 15:08:34.596)
InfoWARE Analyst Daily Market Report (30-Apr-2024 15:08:29.253)