Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... PRESCO 9.96  DANGSUGAR 9.94  ELLAHLAKES 9.93  JAIZBANK 9.81  FLOURMILL 9.69  NSLTECH 9.26  UNIVINSURE 9.09  GTCO 8.86  MANSARD 8.27  STANBIC 8.08  CONOIL -10.00  TANTALIZER -10.00  MCNICHOLS -9.52  LINKASSURE -9.47  GUINEAINS -9.09  DEAPCAP -8.47  CAVERTON -8.18  NASCON -7.82  ETI -7.50  PRESTIGE -6.90 
Get IDIA - the stock trading app for the modern investor
Equity Market Report - 20 November, 2019
(Source: Vetiva Research, Date: 20-Nov-2019)

Daily Equity Market Report,
20th November, 2019

From the trader's desk..

The market closed in the green for the second successive day on the back of a late rally in banking names. FBNH (+815bps), UBA (+764bps), FCMB (+464bps), ACCESS (355bps) among other names all ended the day higher. Gains in NB (+612bps) and CONOIL (+947bps) also supported the higher close. The ASI was over 100bps up towards market close but a late dip in MTNN (-241bps) cut back the gains significantly to leave the market closing at +14bps. Volume and value traded were lower today relative to the previous session, while market breadth remained positive for the third trading day this week at 2.33x.
  

For a breakdown of stock performances, please see the pricelist.



What will shape the market tomorrow?
There seems to be renewed interest in the equity space, though majorly in banking names and we believe the market should close positive tomorrow if this interest is sustained. Also, the aversion of another loss in MTNN, the most capitalized counter, should support another green close.

Stocks to Watch
On the Bid Cart: CHAMS (+10.00%) closed the day as the best performing stock ahead of LEARNAFRIC and CONOIL. The stock has rallied 37.5% this month and 66% since the beginning of the year. Though its trading at a discount to its year high price of ₦0.53, the counter has demonstrated that it has what it takes to continue to trade at this level.




On the Offer Cart: NASCON led only a handful of losers today after closing 572bps down at ₦14.00. The salt producer recorded its first loss in over a month after remaining flat at ₦14.85 for 29 sessions. The stock is not trading at a 35% discount to its year high price of ₦21.70 which it peaked at in March.  




Top News

Daily Price List for 3rd May 2024

ARTHUR STEVENS ASSET MANAGEMENT
03-May-2024 15:17:53.000

PRESCO PLC - FY 2023 QUICK TAKE

CSL RESEARCH
03-May-2024 15:16:23.000

CardinalStone Earnings Update: DANGSUGAR: Huge FX losses wipeout earnings

CARDINALSTONE RESEARCH
03-May-2024 15:12:19.000

MARKET PERFORMANCE REPORT

GLOBALVIEW CAPITAL LIMITED
03-May-2024 15:11:51.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (03-May-2024 15:08:16.614)

INFOWARE TERMINAL
03-May-2024 15:08:16.000

InfoWARE Analyst Daily Market Report (03-May-2024 15:08:11.807)

INFOWARE TERMINAL
03-May-2024 15:08:11.000

ACCESS BANK - Q1 2024 QUICK TAKE

CSL RESEARCH
02-May-2024 23:09:17.000

CardinalStone Earnings Update: NESTLE: Foreign exchange loss erodes Q1'24 earnings

CARDINALSTONE RESEARCH
02-May-2024 23:07:54.000

CardinalStone Earnings Update - PRESCO Plc FY'23 audited and Q1'24 unaudited results - Strong topline and FX gains bolster earnings

CARDINALSTONE RESEARCH
02-May-2024 23:05:46.000

DAILY PRICE LIST - 02-05-2024

SECURITIES AFRICA NIGERIA RESEARCH
02-May-2024 23:04:40.000

Daily Price List

SAMTL
02-May-2024 23:00:58.000

CardinalStone Earnings Update - FCMB Group Plc FY'23 audited & Q1'24 unaudited results - Higher operating income steers earnings expansion

CARDINALSTONE RESEARCH
02-May-2024 22:58:45.000

CADBURY NIGERIA PLC - Q1 2024 QUICK TAKE

CSL RESEARCH
02-May-2024 09:43:21.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (02-May-2024 15:11:31.382)

INFOWARE TERMINAL
02-May-2024 15:11:31.000

InfoWARE Analyst Daily Market Report (02-May-2024 15:11:25.241)

INFOWARE TERMINAL
02-May-2024 15:11:25.000

NESTLE NIGERIA PLC - Q1 2024 QUICK TAKE

CSL RESEARCH
02-May-2024 09:40:12.000

CardinalStone Earnings Update - TRANSCORP PLC: Robust diversified topline drive stellar Q1'24 earnings

CARDINALSTONE RESEARCH
02-May-2024 09:38:37.000

CSL Nigeria Daily - 02 May 2024

CSL RESEARCH
02-May-2024 09:36:11.000

Coronation Research Daily Insights

CORONATION RESEARCH
02-May-2024 09:28:52.000

CardinalStone Earnings Update - Access Holdings Plc Q1'24 unaudited results - Improved yields bolster Q1'24 earnings

CARDINALSTONE RESEARCH
02-May-2024 09:24:16.000

International Breweries PLC - Q1 2024 QUICK TAKE

CSL RESEARCH
02-May-2024 09:22:40.000

Daily Price List for 30th April 2024

ARTHUR STEVENS ASSET MANAGEMENT
30-Apr-2024 17:09:46.000

UACN PLC - Q1 2024 QUICK TAKE

CSL RESEARCH
30-Apr-2024 17:07:38.000

Closing Share Prices as at Tuesday, 30th of April 2024

AFRINVEST RESEARCH
30-Apr-2024 17:06:40.000

CardinalStone Earnings Update - MTNN Q1'24 Unaudited Result

CARDINALSTONE RESEARCH
30-Apr-2024 17:05:29.000

MARKET PERFORMANCE REPORT

GLOBALVIEW CAPITAL LIMITED
30-Apr-2024 17:03:15.000

CardinalStone Earnings Update: UACN - Increased sales and foreign exchange gains drives Q1'24 earnings

CARDINALSTONE RESEARCH
30-Apr-2024 16:58:02.000

Earnings Highlights | OKOMUOIL and MTNN Q1: 2024 Results

AFRINVEST RESEARCH
30-Apr-2024 16:57:02.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (30-Apr-2024 15:08:34.596)

INFOWARE TERMINAL
30-Apr-2024 15:08:34.000

InfoWARE Analyst Daily Market Report (30-Apr-2024 15:08:29.253)

INFOWARE TERMINAL
30-Apr-2024 15:08:29.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes