Daily Equity Market Report,
22nd January, 2020
From the trader's desk...
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
Losses in the two most capitalized stocks ensured the index closed in the red in spite of the capital appreciation experienced in the Insurance, Oil & Gas, Insurance and Banking sectors. Performance is expected to trade sideways tomorrow in the absence of massive declines in heavyweight stocks.
Stocks to Watch
On the Bid Cart: LAWUNION gained 10.00% today to close at its intra-day high price of Ã¢â€šÂ¦0.66. The counter has been positively patronized this year, printing a 32.00% YTD gain just behind AIICO (+60.00%). However in spite of its bullish trend, LAWUNION trades at a 7.04% discount to its 52 week high price of Ã¢â€šÂ¦0.71 and 35.29% to its 5 year high price of Ã¢â€šÂ¦1.02.
On the Offer Cart: JBERGER led the other 17 decliners for the day, closing 676bps below its opening price to settle at Ã¢â€šÂ¦20.00. The shares of the engineering company traded a total of c.608k units with most trades occurring at the lower end. JBERGER has however gained 0.50% YTD.