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Equity Market Report - 10th June, 2021
(Source: Vetiva Research, Date: 10-Jun-2021)

Daily Equity Market Report, 
10th June, 2021

From the trader's desk...

The Equity market grew once again today, albeit at a slower pace, rising
10bps higher to close at 39,210.10 points. Demand on stocks such as STANBIC (+43bps), ACCESS (+62bps), INTBREW (+93bps),  DANGSUGAR (+143bps) and UNILEVER (+496bps)  outweighed losses in FBNH (-69bps), WAPIC (-678bps) and ROYALEX (-385bps). However, activity levels moderated as share volumes dipped 13% to 158.4m while value traded fell 44%. Finally, market breadth remained positive, with a figure of 1.38x after 18 stocks advanced and 13 declined.
                                        
For a breakdown of stock performances, please see the pricelist.

           
What will shape the market tomorrow?

We expect the Nigerian stock market to end the week on a positive note, with investors continuing to mop up attractive counters as seen throughout the week. However, we do foresee further profit-taking activity to moderate potential gains.

 

 Stocks to Watch
On the Bid Cart: 
LINKASSURE was the top gainer today, rising 9.09% to close at ₦0..60. The insurance counter is up 15.38% YTD, outpacing the sector which has gained 5. 83% .



On the Offer Cart: CWG returned to the top of the losers' table today, falling 9.60% to settle at ₦1.13. The stock is down 55.51% YTD and is currently trading at its year low.

Equity Dealing Desk
Vetiva Securities Limited
Plot 266B, Kofo Abayomi Street
P. O. Box 73530 Victoria Island
Lagos, NIGERIA
Tel: +234-1-4617521-3, 2700657-8; Fax: +234-1-4617524. 
Website:
www.vetiva.com 

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