Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... CONOIL 9.88  MCNICHOLS 9.79  MRS 9.68  ETERNA 7.58  BERGER 7.14  CUTIX 6.77  ROYALEX 6.35  TRANSCORP 5.65  ABBEYBDS 5.26  AIRTELAFRI 5.00  LEARNAFRCA -10.00  GSPECPLC -9.79  MULTIVERSE -8.33  MTNN -7.78  CHAMS -4.55  VERITASKAP -4.35  JAIZBANK -3.61  VITAFOAM -3.27  ARDOVA -2.78  COURTVILLE -1.96 
Equity Market Report - 22nd December, 2021
(Source: Vetiva Research, Date: 22-Dec-2021)


From the trader's desk...
The domestic bourse had another negative close, as the ASI declined by
34bps to close at 42,244.22 points. Stocks such as UBN (-515bps), OANDO (-396bps), WAPCO (-375bps), MTNN (-134bps), and ZENITHBANK (-101bps) dragged the index south, while the likes of MAYBAKER (+4.51bps), NESTLE (+143bps), NGXGROUP (+106bps), and GTCO (+39bps) saw price appreciations. Activity levels dipped, with volume and value traded falling by 18.81% and 32.47% to 224m units and ₦2.6 billion respectively. Notably, UACN led activity chart, after 76.9m units trades were crossed in 2 tranches at ₦9.00 price level, accounting for 34% of the total traded shares in the market. Finally, market breadth stayed positive at 1.21x after 17 stocks advanced and 14 declined.     

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



What will shape the market tomorrow?
Despite the bearish sentiment, the consumer goods sector has seen positive activity in recent sessions with improved demand in names like DANGSUGAR and NESTLE. Similarly, the insurance sector has been dominating activity charts, gaining 1.24% WTD and we expect these trade patterns to filter into tomorrow's session amid a slightly quiet trading day.
   
                                                       
Stocks to Watch
 
On the bid Cart: After trading flat at ₦4.10 in the last five sessions, MAYBAKER was joint-top gainer today, raising
10.00% to close at ₦4.51. Thus, improving YTD return of the consumer goods company to 28.49%.
  


On the Offer Cart: UBN continues its mixed trading sessions, this time closing on the top losers chart to settle at ₦4.60. The banking counter has returned a YTD loss of
14.02%, trailing the sector that has only lost 0.54% YTD.



Equity Dealing Desk
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Lagos, NIGERIA
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Website:
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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.
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