Equity Market Report - 23 January, 2020 | InfoWARE Finance
Equity Market Report - 23 January, 2020
(Source: Vetiva Research, Date: 23-Jan-2020)
Daily Equity Market Report,
23rd January, 2020
From the trader's desk...
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
All sectors closed bullish today except for the Insurance sector that was negatively affected by the 8.33% loss reported by LINKASURE. Having traded even so far this week (two sessions of gains and declines), we expect the WoW performance to be largely determined by tomorrow's outcome.
Stocks to Watch
On the Bid Cart: CAP emerged as the best performer for the day, advancing 10.00% to close at ₦27.50. The shares of the Paint manufacturer were fully bidded at its intra-day maximum price thereby improving its YTD performance to 14.58% from 4.17% recorded yesterday.
On the Offer Cart: LINKASSURE continued with its unimpressive start to 2020, dipping 833bps to close as the worst performing stock for the day while settling at ₦0.44. The counter is yet to record any session of capital appreciation in 2020 thus bringing its loss for the year to -16.98%.
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