Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... NPFMCRFBK 6.94  GEREGU 6.25  LASACO 5.00  CHAMS 4.17  JAPAULGOLD 3.57  JAIZBANK 3.41  MANSARD 3.24  UCAP 2.56  STANBIC 2.31  STANBICETF30 2.22  AIICO -5.00  LINKASSURE -4.76  WAPIC -4.76  INTBREW -2.25  TRANSCORP -2.19  BUACEMENT -1.61  NB -1.43  VETGOODS -0.99  GTCO -0.99  ZENITHBANK -0.60 
Equity Market Report - 12th December, 2022
(Source: Vetiva Research, Date: 12-Dec-2022)

From the trader's desk...
With flat closes in the NGX30, consumer goods and oil & gas indices, the first trading session of the week started off with a marginal gain of
4bps, as positive activities were recorded in a total of 10 counters and the notable ones being in FBNH (+185bps), ZENITHBANK (+158ps), FIDELITYBK (+96bps) and WAPCO (+69bps). Meanwhile, market breadth closed negative at 0.83x, after the session ended with a total of 12 losers. Lastly, starting the week was a turnover size of ₦2.5 billion, a 120% improvement from Friday's data, with the total trades in ACCESSCORP (120.9m units) accounting for 41% of the turnover, while traded volume also jumped 135% to close at 236m units.
 

What will shape the market tomorrow?
It was another positive session for the banking sector, as bargain hunting continued in that space, while dominating market activity. Barring any large volume trades tomorrow, we expect a quiet session.
 
Stocks to Watch
On the bid Cart: JAIZBANK closed the day with YTD return at
69.64%. The banking counter closed up 9.20% today to settle at ₦0.95. 5 kobo away from its year-high price of ₦1.00.
                                                 


On the Offer Cart: It was a bearish session for the insurance sector, closing the day as the only negative performer, as the likes of ROYALEX (-9.88%) and MANSARD (-4.52%) finished on the top losers chart. Meanwhile, the NGXINS lost
0.61% today.



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.
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No portion of this document may be reprinted, sold or redistributed without the written consent of Vetiva Securities Limited.

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

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