Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... FTNCOCOA 10.00  REGALINS 8.70  PRESTIGE 8.33  REDSTAREX 5.88  CAVERTON 3.96  NAHCO 3.07  LINKASSURE 1.96  NGXGROUP 1.25  ZENITHBANK 1.15  UBA 0.72  NEM -9.98  OKOMUOIL -9.96  UPL -9.91  LASACO -9.57  MULTIVERSE -8.70  CADBURY -8.05  RTBRISCOE -7.89  CUTIX -6.98  ETERNA -5.57  PZ -5.56 
Equity Market Report - 30th June, 2022
(Source: Vetiva Research , Date: 30-Jun-2022)


From the trader's desk...
The ASI recovered marginally from yesterday's flat close with a
3bps increase to close the month at 51,817.59 points. The Oil & Gas sector led market gainers as SEPLAT (+78bps) single-handedly propped up the sector by 42bps. Similarly, market also saw rebound in the Banking sector, as the likes of FCMB (+485bps), FBNH (+175bps), and UBN (+424bps) saw price appreciations. On the other hand, The Industrials and Consumer Goods sectors saw negative closes, with sell-offs in PZ (-986bps), HONYFLOUR (-707bps) and WAPCO (-204bps). Activity-wise, total traded volume declined by 46% to 223m units, while value traded went up 12% to ₦3.8 billion. Finally, market breath closed positive at 1.11x, after 20 stocks gained and 18 declined.       
                        
For a breakdown of stock performances, please see the pricelist.



What will shape the market tomorrow?
Closing as the worst performing month in H1'22 (-2.21%), June saw more bearish sessions as investors traded cautiously amid the 150bps Monetary Policy rate hike by the CBN at the end of May, that had investor stay on the sidelines anticipating more attractive rate in the fixed income space. As companies begin to announce close periods amid preparation for half year results, we expect this to act as catalysts to the market in the coming weeks.

Stocks to Watch

On the bid Cart: Gains in CORNERST (+9.09%) and CHIPLC (+8.96%) helped sustain the NGXINS index's green close, as the sector improved WTD to 2.33%. Both insurance counters have posted mixed YTD return so far, with CORNERST up
56.52%, while CHIPLC has lost 7.59%.     



On the Offer Cart: With 3 red closes this week, HONYFLOUR finish on the top losers chart with a price decline of
7.07%, settling at ₦2.76. The consumer goods company has lost 18.82% YTD.


Equity Dealing Desk
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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.
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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