Equity Market Report - 5 November, 2019 | InfoWARE Finance
Equity Market Report - 5 November, 2019
(Source: Vetiva Research, Date: 05-Nov-2019)
Daily Equity Market Report,
5th November, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
Negative price movements in market heavyweights MTNN (-123bps) and NESTLE (-416bps), among others drove the ASI south despite the market breadth closing positive (1.89x). Tomorrow's trading session is however expected to follow a similar trading pattern, although the performance of the overall index is still largely dependent on the movements of the large cap stocks.
Stocks to Watch
On the Bid Cart: LAWUNION topped the gainers cart today, rising 952bps above its opening price while closing the day at ₦0.46. An early cross deal of over 70m units sealed the counter's higher closing, reducing its loss to date from -30.00% to -23.33%.
On the Offer Cart: UAC-PROP beat HONYFLOUR (-577bps) as the top laggard for the day, after dropping 935bps at market close to settle at ₦0.97. The counter now trades at a premium of 22.78% to its year low price of ₦0.79 and at a discount of 48.13% to its year high price of ₦1.87.
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