Equity Market Report - 20 September, 2019 | InfoWARE Finance
Equity Market Report - 20 September, 2019
(Source: Vetiva Research, Date: 20-Sep-2019)
Daily Equity Market Report,
20th September, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
Trading activities at the equities market was mixed during the week, with 2 days of gains and 3 days of declines, thus leading to a negative WoW performance (-0.29%) as losses recorded outweighed gains. However, we maintain that prices are still at attractive points in some fundamentally sound stocks trading at significant discounts to their intrinsic value, for medium to long term players. We have observed mixed trading sessions recently, and expect no deviation from this trading patter next week.
Stocks to Watch
On the Bid Cart: CUTIX was the best performing stock today gaining 986bps to close at ₦1.56. After closing lower yesterday (-779bps), investors subsequently took position in the counter that opened the day close to its lowest price in 52 weeks (₦1.42).
On the Offer Cart: PORTPAINT (972bps) closed as the worst performing stock for the day, leading the other 15 decliners (closing price: ₦2.23). The unpatronized stock has been on a persistent decline this year. With no capital appreciation so far in 2019, the counter has lost 11.51% of its value YTD.
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