Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... CHAMS 9.52  AIRTELAFRI 9.39  FTNCOCOA 6.06  VERITASKAP 4.76  CUSTODIAN 1.43  UACN 1.18  MORISON 0.92  VITAFOAM 0.22  NEWGOLD 0.05  STANBICETF30 -10.00  INTBREW -10.00  CHAMPION -10.00  MCNICHOLS -10.00  PZ -9.92  REGALINS -9.68  NEM -9.25  FBNH -8.66  RTBRISCOE -8.33  AIICO -8.00 
Equity Market Report - 16th December, 2021
(Source: Vetiva Research, Date: 16-Dec-2021)


From the trader's desk...
The 73bps loss in the Industrial space courtesy of the price depreciations in WAPCO (+164bps) and DANGCEM (+118bps), dragged the market, as the All-share index closed the session down by
21bps to settle at 42,270.23 points. Losses were also recorded in the likes of HONYFLOUR (-187bps), FBNH (-83bps), and ARDOVA (-74bps), eliminating the impact of gains in NGXGROUP (+392bps), ETI (+326bps), TOTAL (+235bps), and DANGSUGAR (+152bps) among others. Market activity was elevated by trades in the banking space, as volume and value traded increased by 10.28% and 35.73% to 249m units and ₦3.57 billion respectively, while trades in FBNH accounted for about 32% of total traded volume. Finally, market breadth contracted to 0.75x after 15 stocks advanced against 20 decliners.           

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



What will shape the market tomorrow?
As expected market traded mixed as investors cherry pick attractive counters across board from small to large cap names with continued interest in the banking space. We expect this to filter into tomorrow's trading session amid improved activity level to close out the week.
                                                           
Stocks to Watch
 
On the bid Cart: NGXGROUP's shares have had a positive week so far, returning 9.1% capital gain this week. The stock closed the session at ₦18.55, representing a
4.15% profit since listing. 
  


On the Offer Cart: LIVESTOCK topped the losers chart today, closing limit down to settle at ₦1.80. However, the consumer goods company has returned
29.5% YTD.



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

Disclaimer
This report is based on public information which the analyst(s) consider credible and reliable. Whilst reasonable care has been taken in preparing this report, no responsibility or liability is accepted either by Vetiva Securities Limited and its affiliates (...Vetiva" ), its officers or any of its employees for any error of fact or opinion expressed herein. No reliance should be placed on the accuracy, fairness or completeness of the information contained in this report as it has not been verified by the analyst(s) involved or the companies whose securities have been referred to, except as otherwise disclosed. Neither Vetiva nor any of its officers or employees including the writer(s) warrant or represent the accuracy or completeness of information set out in this report.
Any ratings, forecasts, estimates and opinions set forth in this report constitute the analyst(s)' position as at the date and time of this report and may not necessarily be so after the report date and time, as they are subject to change without notice. It is also instructive to note that a company's past performance is not necessarily indicative of its future performance as estimates are based on assumptions that may or may not be realized. The value, price or income from investments mentioned in this report may fall, as well as rise, due to economic conditions, industry cycles, market indices, operational or financial conditions of companies or other factors. Thus, Vetiva and its officers and employees shall not accept liability for any loss arising from the use of this report or its contents in making investment decisions or recommendations.
This report provides general information only. It is not intended to provide personal investment advice and does not take into account the specific investment objectives, financial situation and the particular needs of any specific person.  Investments and securities discussed in this report may not be suitable for all investors and certain investors may not be eligible to purchase or participate in some or all of them. Users of this report should independently determine the suitability and evaluate the investment risks associated with investments and securities discussed in this report. All investors are solely responsible for their investment decisions. Any decision to purchase or subscribe for securities in any offering must be based solely on existing public information on such security or the information in the prospectus or other offering document issued in connection with such offering, and not on this report. Vetiva, through other business units may have issued and may in the future issue trading ideas or recommendations that are inconsistent with, and reach different conclusions from, the information presented in this report. Such ideas or recommendations reflect the different time frames, assumptions, views and analytical methods of the persons who prepared them, and Vetiva is under no obligation to ensure that such other trading ideas or recommendations are brought to the attention of any recipient of this report. Vetiva may make investment decisions or take proprietary positions that are inconsistent with the recommendations or views in this report. To the extent that this report discusses any legal proceeding or issue, it has not been prepared as nor is it intended to express any legal conclusion, opinion or advice. Information relating to the tax status of companies whose securities are discussed in this report is not intended to provide tax advice or to be used by anyone to provide tax advice.
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No portion of this document may be reprinted, sold or redistributed without the written consent of Vetiva Securities Limited.

Additional information on recommended securities/instruments is available on request.
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