Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... NEWGOLD 15.51  OMATEK 10.00  NEM 10.00  GOLDBREW 9.88  CHAMS 9.52  FTNCOCOA 9.41  WAPIC 9.30  STANBICETF30 9.27  NSLTECH 9.09  JAPAULGOLD 9.09  CONOIL -9.95  ABCTRANS -9.30  SOVRENINS -9.09  SUNUASSUR -8.51  COURTVILLE -8.00  UPL -7.17  CUTIX -5.24  PHARMDEKO -3.80  PZ -3.59  UBN -2.08 
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Equity Market Report - 23rd December, 2021
(Source: Vetiva Research, Date: 23-Dec-2021)


From the trader's desk...
The equity market extended its losing streak, as the All-Share Index shed
3bps to close at 42,230.48 points. Despite the significant improved in sectoral performance, the market was dragged by the losses in MTNN (-44bps), JBERGER (-988bps), FBNH (-250bps), HONYFLOUR (-143bps), and TRANSCORP (-102bps) among others, offsetting gains in counters like OANDO (+526bps), UBA (+127bps), UACN (+53bps), and WAPCO (+43bps). Market activity declined marginally, with trade volumes decreasing by 5.77% to 211m units, while turnover fell by 7.26% to ₦2.4 billion, with cross trades in UACN (64.7m units at ₦9.50) accounting for 31% of total traded volume. Lastly, market breadth closed at 1.27x after 14 stocks closed up, while 11 declined. 

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



What will shape the market tomorrow?
So far, activity level has been on a decline as we gradually approach the last trading sessions of the year. We still expect a mixed session to close out the week, with slight recovery in the ASI barring any significant price dip in any of the large-cap stocks.
   
                                                       
Stocks to Watch
 
On the bid Cart: UBN closed the session as the best performing stock following Wednesday's negative close. The banking counter settled at ₦5.05, reducing YTD loss to
5.61%.



On the Offer Cart: After repeated sessions of trading on full offer, JBERGER yielded to the sell pressure, shedding
9.88% to close at ₦22.35. However, the industrial sector company has returned 25.56% YTD.



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 

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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