Daily Equity Market Report,
6th November, 2019
From the trader's desk..
For a breakdown of stock performances, please see the pricelist.
What will shape the market tomorrow?
The market continues to experience strong volatility as we see mixed trading patterns. We have also seen a decent level of participation from local institutional investors largely in the Tier 1 Banking space in recent trading sessions. Tier 1 banks should continue to enjoy investor's patronage as we foresee similar trading pattern in the next trading session.
Stocks to Watch
On the Bid Cart: CORNERSTONE came in as the best performing stock in today's session beating the pair of LAWUNION and LASACO. The price of the Insurance provider has continued to appreciate since August and its closing price of
On the Offer Cart: PRESCO recorded the biggest loss today closing at ₦34.60 having lost 990bps. The share price of the Oil Palm producer has been on a consistent decline since the turn of the year with a YTD decline of 45.93%. The counter trades at a significant discount to its year high price of ₦75.00.