Equity Market Report - 03 December, 2019 | InfoWARE Finance
Equity Market Report - 03 December, 2019
(Source: Vetiva Research, Date: 03-Dec-2019)
Daily Equity Market Report,
3rd December, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
Distilling the impact of 83bps decline in the most capitalized stock (MTNN) at market close, the local bourse would have ended the day with a positive performance. However, we expect stocks in the Consumer Goods sector to continue to enjoy investors patronage in the short term while we anticipate cherry-picking by investors in other sectors tomorrow.
Stocks to Watch
On the Bid Cart: OKOMUOIL recorded the highest percentage gain today, rising 987bps above its opening price to close at ₦54.55. The counter closed the day fully bidded and traded c.250k units at an avg price of ₦54.37. OKOMUOIL has however lost 28.41% YTD (PRESCO: -40.86% YTD).
On the Offer Cart: IKEJAHOTEL emerged as the top decliner for the day, dipping 973bps to close at ₦1.02. The counter currently trade at discount of 55.65% to its year high price of ₦2.30 and 17.84% above its year low price of ₦0.87.
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