Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... IMG 10.00  SEPLAT 10.00  STANBICETF30 9.52  LOTUSHAL15 9.48  NNFM 9.46  INTENEGINS 9.33  NAHCO 9.26  ABCTRANS 8.82  GEREGU 8.47  MCNICHOLS 8.06  GUINNESS -10.00  ARDOVA -9.95  ACADEMY -9.85  RTBRISCOE -9.68  CORNERST -8.33  CHAMS -7.41  CWG -7.22  CAVERTON -4.85  VERITASKAP -4.55  WEMABANK -4.39 
Equity Market Report - 18th November, 2022
(Source: Vetiva Research, Date: 18-Nov-2022)


From the trader's desk...
The market turned green in today's session, as investor's bought up stocks across three major sectors. The NGX rose 109bps to close at 44,492.73 points. Stocks such as FBNH (+377bps), GTCO (+237bps), INTBREW (+6255bps), MTNN (+479bps), NB (+10.00%) and OANDO (+306bps) drove the market higher. On the other hand, investors were less enthused by banks such as ACCESSCORP (-241bps), FMCB (-122bps) and UBA (-69bps), although these did little to dampen the positive sentiment in the market, which closed the week 119bps higher w/w. Market activity also rebounded, as volume traded improved by 50% to 146.6 million units, while market turnover rose by 46% to ₦1.23 billion. Market breadth turned positive as well, after 23 stocks closed in the green, while 11 closed red for a 2.09x figure.

 



What will shape the market tomorrow?
After several sessions of fluctuating activity this week, positive sentiment ultimately prevailed in the market for a positive close. Next week, we anticipate a slightly bearish start, as investors take profit on some of this week's gainers.

Stocks to Watch
On the bid Cart: NB finished the week at the top of the gainer's chart, rising
10.00% to close at ₦41.25. The brewery stock is down 17.50% YTD.  
                                                 


On the Offer Cart: Insurance stocks WAPIC, REGALINS, SOVRENINS and MBENEFIT all finished the session on the top loser's chart. Despite this, the sector still finished the day
17bps higher. The sector has lost 21.73% 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.
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.
By accepting and making use of this report, you agree to be bound by the foregoing limitations.
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.
"Information in this message is confidential and may be legally privileged. It is intended solely for the person to whom it is addressed. If you are not the intended recipient, you should not disseminate, distribute, copy or rely on this e-mail. If you have received this e-mail in error, kindly delete the message from your system immediately and notify us at:
info@vetiva.com". This e-mail may not have been sent with the authority or consent of Vetiva; therefore, any view, opinion or conclusion expressed therein does not necessarily represent those of Vetiva or any of its affiliates. Computer viruses can be transmitted via e-mail. The recipient should check this e-mail and any attachments for viruses. Vetiva accepts no liability for any damage caused by any virus transmitted via this e-mail.
© 2022 Vetiva Capital Management Limited. All rights reserved.




 

 







Vetiva Capital Management Limited · 266b Kofo Abayomi · Victoria Island · Lagos 23401 · Nigeria

Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (01-Feb-2023 15:04:48.258)

INFOWARE TERMINAL
01-Feb-2023 15:04:48.000

InfoWARE Analyst Daily Market Report (01-Feb-2023 15:04:43.435)

INFOWARE TERMINAL
01-Feb-2023 15:04:43.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR FEB 01, 2023

NGX
01-Feb-2023 13:35:33.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
01-Feb-2023 13:35:26.000

Breaking News! Unusual Volume Alert (01-Feb-2023 14:08:16.990)

INFOWARE TERMINAL
01-Feb-2023 14:08:16.000

Breaking News! Bears Momentum Alert (01-Feb-2023 14:08:16.346)

INFOWARE TERMINAL
01-Feb-2023 14:08:16.000

[XNSA]>> TRAINING ON DERIVATIVES TRADING FOR SECURITIES DEALERS

NGX
01-Feb-2023 12:45:32.000

Breaking News! Unusual Volume Alert (01-Feb-2023 13:38:50.200)

INFOWARE TERMINAL
01-Feb-2023 13:38:50.000

Breaking News! Bears Momentum Alert (01-Feb-2023 13:38:49.512)

INFOWARE TERMINAL
01-Feb-2023 13:38:49.000

Breaking News! Unusual Volume Alert (01-Feb-2023 13:08:16.625)

INFOWARE TERMINAL
01-Feb-2023 13:08:16.000

Breaking News! Bears Momentum Alert (01-Feb-2023 13:08:15.979)

INFOWARE TERMINAL
01-Feb-2023 13:08:15.000

[XNSA]>> RESIGNATION OF A MANAGING DIRECTOR

NGX
01-Feb-2023 11:56:06.000

Breaking News! Unusual Volume Alert (01-Feb-2023 12:38:16.496)

INFOWARE TERMINAL
01-Feb-2023 12:38:16.000

Breaking News! Unusual Volume Alert (01-Feb-2023 12:08:23.262)

INFOWARE TERMINAL
01-Feb-2023 12:08:23.000

Breaking News! Bears Momentum Alert (01-Feb-2023 12:08:19.450)

INFOWARE TERMINAL
01-Feb-2023 12:08:19.000

[GREENWETF]>> DAILY INDICATIVE PRICES

NGX
01-Feb-2023 11:03:47.000

[XNSA]>> CIS TRAINING

NGX
01-Feb-2023 10:40:02.000

Breaking News! Unusual Volume Alert (01-Feb-2023 11:38:16.492)

INFOWARE TERMINAL
01-Feb-2023 11:38:16.000

Breaking News! Bulls Momentum Alert (01-Feb-2023 11:38:15.892)

INFOWARE TERMINAL
01-Feb-2023 11:38:15.000

Breaking News! Bears Momentum Alert (01-Feb-2023 11:38:15.700)

INFOWARE TERMINAL
01-Feb-2023 11:38:15.000

[XNSA]>> CORAL FUNDS BID AND OFFER PRICES

NGX
01-Feb-2023 10:29:51.000

[VSPBONDETF]>> DAILY INDICATIVE PRICES

NGX
01-Feb-2023 10:29:45.000

Breaking News! Unusual Volume Alert (01-Feb-2023 11:08:16.893)

INFOWARE TERMINAL
01-Feb-2023 11:08:16.000

Breaking News! Bulls Momentum Alert (01-Feb-2023 11:08:16.264)

INFOWARE TERMINAL
01-Feb-2023 11:08:16.000

Breaking News! Unusual Volume Alert (01-Feb-2023 10:38:16.458)

INFOWARE TERMINAL
01-Feb-2023 10:38:16.000

Breaking News! Bulls Momentum Alert (01-Feb-2023 10:38:15.889)

INFOWARE TERMINAL
01-Feb-2023 10:38:15.000

Breaking News! Bears Momentum Alert (01-Feb-2023 10:38:15.738)

INFOWARE TERMINAL
01-Feb-2023 10:38:15.000

[AFRIPRUD]>>Notice of Meeting -<AFRICA PRUDENTIAL PLC>

NGX
01-Feb-2023 09:26:13.000

Breaking News! Bulls Momentum Alert (01-Feb-2023 10:08:15.767)

INFOWARE TERMINAL
01-Feb-2023 10:08:15.000

[SOVRENINS]>> Earning Forcast - <Q1-2023> ?-<SOVEREIGN TRUST INSURANCE PLC>

NGX
01-Feb-2023 08:55:08.000
Start growing your wealth... Get IDIA
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes