Daily Market Report for 18th Sept. 2023: | InfoWARE Finance
Daily Market Report for 18th Sept. 2023:
(Source: Arthur Stevens Asset Management , Date: 18-Sep-2023)
Dear Esteemed Investor,
Kindly Click Arthur Stevens Asset Management | Welcome for the full report.
Best regards.
Buy Pressure in stocks of OANDO, STANBIC, CHAMS, TRANSCOHOT, and UBA lifted the NGX-ASI up by 0.71% index points compared to its previous day's gain of 0.09%. The index closed the day at 67,877.17 points.
At the close of trading, Market Breadth, which is the measure of investors' sentiments, was positive at 1.12x compared to its previous market breadth of 1.53x as 29 Gainers crossed the line against 26 Losers.
GAINERS & LOSERS, VOLUME&VALUE DRIVERS, COMMODITIES RATES
The gainers were 29, led by shares of CHAMS, NNFM, and OANDO with a 10.0% gain each. The losers were 26, led by OMATEK, and SKYAVN with a -10.0% and -9.95% loss each. The Volume and Value drivers of the trend were led majorly by shares of UBA, TRANSCORP, AIRTELAFRI, ACCESSCORP, and UBA.
Volume traded for the day increased by 26.03% from 408.87 million to 515.28 million trades valued at ₦8,925.83 billion executed in 8,357 deals. The number of stocks that traded at the end of the day's session closed at 114.
At the time of writing this report (15:30 WAT), Brent Crude was trading at $94.72 /barrel, WTI at $91.96/barrel, OPECBASKET was trading at $96.87/barrel While Gold was trading at $1948.10/ounce on the international Commodities Market. The U.S Dollar Index which is a measure of the value of the U.S. dollar relative to a basket of foreign currencies closed at 105.22 index points.
We expect a mixed reaction in the Local bourse as investors engage in bargain-hunting in the Banking, Oil/Gas, Consumer Goods, and Industrial Goods sectors.
We reiterate that investors should go for stocks with strong fundamentals in the market trend and not be swayed by popular opinion.
Top News
Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (08-Oct-2024 15:07:18.503)
InfoWARE Analyst Daily Market Report (08-Oct-2024 15:07:14.246)
[MEYER]>>Notice of Meeting -<MEYER PLC>
[CONOIL]>>Corporate Disclosures-<CONOIL PLC>
[GUINEAINS]>>Notice of Meeting -<GUINEA INSURANCE PLC.>
[XNSA]>> RETAIL INVESTORS' WORKSHOP AND CGC FOR THE IOSCO WORLD INVESTOR WEEK 2
[XNSA]>> : LISTING OF FLOUR MILLS OF NIGERIA PLC'S BOND
[PRESCO]>>Notice of Meeting -<PRESCO PLC>
[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES
[MERGROWTH]>> DAILY INDICATIVE PRICES
[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES
[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR OCT 08, 2024
[VSPBONDETF]>> DAILY INDICATIVE PRICES
[LOTUSHAL15]>> DAILY INDICATIVE PRICES
[PRESCO]>>Corporate Disclosures-<PRESCO PLC>
[XNSA]>> CIS: 28TH ANNUAL STOCKBROKERS' CONFERENCE
[XNSA]>> CIS EXECUTIVE CAPACITY DEVELOPMENT ON THE NIGERIAN CAPITAL MARKET ON TH
[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>
[GEREGU]>>Notice of Meeting -<GEREGU POWER PLC>
[NPFMCRFBK]>>Notice of Meeting -<NPF MICROFINANCE BANK PLC>
[XNSA]>> NOTIFICATION OF PRICE ADJUSTMENT
[NAHCO]>>Notice of Meeting -<NIGERIAN AVIATION HANDLING COMPANY PLC>
[GUINNESS]>>Notice of Meeting -<GUINNESS NIG PLC>
Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (07-Oct-2024 15:09:51.662)
InfoWARE Analyst Daily Market Report (07-Oct-2024 15:09:47.053)
[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES
Media Highlights 07-10-2024
Daily Business News Brief
CSL Nigeria Daily - 07 October 2024
Afrinvest Stock Recommendation | "ACCUMULATE" on FBNH and DANGSUGAR... "HOLD" FIDELITYBK