Daily Equities Market update

Transcription

1 Daily Equities Market update Seesawed! But for the bull NASDUSI resumes uptrends by 0.93% November 6, 2018

2 Summary: The Market breadth closed negative at 0.61x Did investors buy the dip today? Obviously yes! Any identified opportunity to repeat the same strategy in the week? Maybe yes! The Equites market, amidst negative breadth closed slightly up today due to rejuvenated buying interest in CCNN, UBA, FBNH, NB, CAVERTON, DANGSUGAR and STANBIC which saw their prices been pushed up from the dip recorded yesterday. Meanwhile, waned buying interest dragged FIDSON, HONYFLOUR, AFRIPRUD, UCAP and GUARANTY in the red territory from its positive close in previous session. Away from that, Market Capitalization gained N38.64bn to close at N11.738trn as all share index rose 0.33% to end at 32, while Yearto-Date(YTD) shelved off 28 basis points but still deep in the red ocean at %. Money Market Rates Price %Δ Overnight rate Open Buy Back Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) Gold Silver Platinum Copper NASD OTC Indic ators PARAMETER Previous Current Daily (%) USI Capitalization ( 'Bn) Volume Traded Value Traded ( '000) Deals Executed However, total trade by volume and value diverged as the earlier declined by -5.18% to close at mn and the later buoyed significantly by 59.55% to N2.79bn in 3,063 deals -2.27%. Review of Sectoral Performance On the back of little respite enjoyed in the market today, consumer goods and industrial goods indexes closed northwards by 1.82% and 0.36% to end at and apiece.

3 The positive sentiment was due to increased buying interest in its 6 counters topped by CCNN 9.81%, DANGSUGAR 4.26%, and NESTLE 3.62% while losses were recorded in 2 counters; FLOURMILL -8.11% and HONYFLOUR -3.57%. On the downtrodden sectors, insurance index declined the most by -1.11% to end the session at upon depreciation in its major counters topped by MBENEFIT -10.0%, NIGERINS, -9.09% and REGALINS -4.76% while LAWUNION rose 1.82% as the lone gainer. In the same vein, banking sector and oil/gas indexes were pulled in the red due to heavy sell off on its counter, topped by UNITYBK -8.45%, UBN -2.97%, GUARANTY -1.84% and OANDO -0.99% as against the gainers; UBA 4.0%, FBNH1.36% and ZENITHBANK 0.63% Movement of NSEASI(Year-to-Date)

4 NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index NSE Banking Sector Index NSE Industrial Goods Index NSE Consumer Goods Index NSE Oil & Gas Index NSE Insurance Index Investors Sentiment At end of today s session, 23 counters were suppressed by the bears while 14 counters close in green territory. We expect sentiment to continue to oscillate until strong economic fundamentals and political atmosphere signal stable and predictable positive returns on investment. Top 10 Gainers Top 10 Losers Ticker Close Change %Δ Ticker Price Change %Δ CCNN FIDSON NAHCO MBENEFIT DANGSUGAR UAC-PROP UBA NIGERINS NESTLE LIVESTOCK DANGFLOUR UNITYBNK CAVERTON FLOURMILL LAWUNION REGALINS GUINNESS NEM FBNH HONYFLOUR Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ FIDELITYBK ,032, NESTLE ,833, REGALINS 24 19,400, GUARANTY ,070, GUARANTY ,783, SEPLAT ,267, FBNH ,919, UNILEVER ,930, ZENITHBANK ,125, ZENITHBANK ,268, UNILEVER 67 7,519, NB ,926, FCMB 113 7,210, STANBIC ,142, WAPIC 30 5,812, GUINNESS 31 98,697, TRANSCORP 56 5,006, FBNH ,504, DIAMONDBNK 53 4,123, FLOURMILL ,808,

5 MorganCapital Securities Limited ("MorganCapital"), formerly known as International Capital Securities Limited, was incorporated on 28th January, 1997; and was issued a license as a Dealing Member of the NSE on 3rd October, 1997, after obtaining license of the Securities & Exchange Commission (SEC) as a Broker/Dealer. The Company has remained a dealing member firm of the NSE since then (over 17years ago). In 2009, MorganCapital got licensed by the SEC to perform an additional role as an Issuing House/Financial Adviser. MorganCapital was recently accredited by the Nigerian Stock Exchange as a Designated Adviser to the Alternative Securities Market (ASeM) Board, after a very rigorous and competitive process. MorganCapital is a full fledge Investment Banking, Securities Trading and Principal Investments Firm, with licenses from the Nigerian Securities & Exchange Commission and the Nigerian Stock Exchange. MorganCapital provides a comprehensive range of investment banking and financial advisory services to private, public sector, corporate, and institutional clients. Our firm has very strong contacts with many African-focused & emerging markets investors/fund managers. MorganCapital has advised on a number of transactions in the Nigerian Capital Markets, including provision of Financial Advisory Service to the Federal Government of Nigeria, through the Bureau of Public Enterprises ("BPE") for the concessioning of the National Arts Theater, the Tafawa Balewa Square, the Lagos Trade fair complex and the 6 National Stadia. MorganCapital also advised the BPE on the proposed sale of the Ijora Power Plant, the Calabar Power Plant and the Oji River coal-fired power plant. Our group is focused on providing unbiased financial advisory and investment banking services to individuals and institutions that are seeking to invest in Africa or already involved in investing in Africa. One of our goals is to be the BEST link to the Nigerian Capital Market. CONTACT US Research Omosuyi Temitope temitopeo@morgancapitalgroup.com Investment Banking Adewale Adetiba adewalea@morgancapitalgroup.com Securities Dealing Ogochukwu Njoku ogochukwun@morgancapitalgroup.com Michael Joel michaelj@morgancapitalgroup.com For further information, please contact: MorganCapital Securities Limited The Pent House 3 Biaduo Street, Off Keffi Street S/West Ikoyi Lagos, Nigeria Tel: 234-(1) , 234-(1) info@morgancapitalgroup.com This report by MorganCapital Securities Ltd is for information purposes only. The company and its employees do not warrant the accuracy or completeness of the information provided as such information was gathered from primary and secondary reliable sources. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of market trends, which are based on current market sentiment. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for a ll investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. We, therefore, do not take responsibility for any loss arising from the use of the information.