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 

Equity Market Report - 02 January, 2020 | InfoWARE Finance

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  • Equity Market Report - 02 January, 2020 | InfoWARE Finance
0.83% trending_up
₦99,587.25
ASI
0.89% trending_up
₦3,691.18
NGX30
4.68% trending_up
₦836.55
NGXBNK
0.76% trending_up
₦1,566.55
NGXCNSMRGDS
-1.26% trending_down
₦1,263.88
NGXOILGAS
1.20% trending_up
₦9,777.59
NGXPREMIUM
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Equity Market Report - 02 January, 2020
(Source: Vetiva Research, Date: 02-Jan-2020)

Daily Equity Market Report,
2nd January, 2020

From the trader's desk...

Gains in FBNH (+569bps) and MTNN (+381bps) saved the equities market from starting the year with a negative performance as profit taking action in SEPLAT (-999bps), WAPCO (-980bps) and UNILEVER (-591bps) pulled the index down by c.60bps at mid day. The broader index however rose 10bps at market close to end today's session at 26,867.79bps. Similarly, activity level for the day trended upward with total volume and value traded increasing marginally by 2.41% and 3.41% respectively while trades in SEPLAT, ZENITHBANK and GUARANTY accounted for 66.90% of total turnover. Market breadth (1.69x) for the day closed positive, with 22 stocks advancing against 13 that declined.

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



What will shape the market tomorrow?
Profit taking action dominated the trading session today with all sectors closing under except for the Insurance sector (+0.97%) which benefited from the positive performance recorded in CORNERST (+889bps). We expect the domestic market to experience continued profit taking tomorrow, though the index is expected to end the week with a positive performance.

Stocks to Watch
On the Bid Cart: ROYALEX ended the first trading session of the year as the best performing stock, moving 10.00% above its opening price of ₦0.30 to close at ₦0.33. The counter ended 2019 as one of the top gainers, rising 36.36% at the end of the calendar year. 



On the Offer Cart: SEPLAT (-999bps), WAPCO (-980bps), UNILEVER (-591bps) and STANBIC (-244bps) among others which emerged as top gainers on Tuesday closed the first trading session of the year south, due majorly to profit taking on gains recorded recently.




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