Equity Market Report - 11 October, 2019 | InfoWARE Finance
Equity Market Report - 11 October, 2019
(Source: Vetiva Research, Date: 11-Oct-2019)
Daily Equity Market Report,
11th October, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
Weak sentiment due to the absence of catalyst continues to dominate the market, evidenced by the negative performance this week. However, with most bellwether stocks hitting new lows, we expect to see bargain hunting in some of the fundamentally sound stocks next week.
Stocks to Watch
On the Bid Cart: ABCTRANS recorded the highest percentage gain for the day, closing higher by 10.00% to settle at ₦0.44. Despite the bearish trend in the equities market, ABCTRANS has appreciated 51.72% YTD and is just 22.81% away from its year high price of (₦0.57).
On the Offer Cart: NIGERINS emerged as the worst performing stock today, dipping 909bps to close at ₦0.20. Unlike other insurance stocks; WAPIC (+938bps), LINKASSURE (+851bps) and AIICO (+781bps) that moved higher in today's session, NIGERINS had a relatively bearish session, increasing its YTD loss to -16.67%.
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