Equity Market Report - 21 November, 2019 | InfoWARE Finance
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Equity Market Report - 21 November, 2019
(Source: Vetiva Research, Date: 21-Nov-2019)
Daily Equity Market Report,
21st November, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
All major sub-sectors closed positive today safe for the Industrial Goods sector which further reinforces that investor confidence is improving. Barring losses in the two most capitalized stocks, the market should record another day of gains in tomorrow's session.
Stocks to Watch
On the Bid Cart: FLOURMILL(+985bps) closed the day as one of the top gainers settling at ₦17.85. The stock price of the flour miller has exhibited some volatility in the last one year trading at high as ₦23.10. It is currently trading at a 18.20% discount to its year high price.
On the Offer Cart: CCNN lost 10.00% today to close at ₦18.00. Losing for just the second time this month, the stock closed down from ₦20.00 which is the highest the stock has traded in 6 months. The stock has rallied from ₦14.90 at the start of the month to settle at ₦20.00 before dipping to ₦18.00 today.
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