Equity Market Report - 14 October, 2019 | InfoWARE Finance
Equity Market Report - 14 October, 2019
(Source: Vetiva Research, Date: 14-Oct-2019)
Daily Equity Market Report,
14th October, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
The ASI traded under for most part of today's session hovering between -3bps and -5bps, however late gains in DANGCEM pushed the index into the green, ending the 9 session losing streak. With all sectors closing higher {except the Banking sector (-0.03%) which declined marginally}, positive market breadth and most fundamentally sound stocks trading at new lows, we expect continued investor patronage in tomorrow's session.
Stocks to Watch
On the Bid Cart: COURTVILLE rose 10.00% in today's session to settle at ₦0.22 leading the bid cart after opening today's session at its year low price of ₦0.20. COURTVILLE traded at its 52 weeks high price of ₦0.27 in May 2019 before dropping to its year low (₦0.20) in June. The stock has gained 10.00% YTD.
On the Offer Cart: GSPECPLC started the week as the top decliner, dropping 962bps to close at its limit low for the day (₦4.70). Today's percentage change represents the first price movement in the counter that has traded flat at ₦5.20 since July 2019, bringing its YTD loss to -18.26%.
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