Daily Equities Market update Bloody Market end in October dampens silver lining on the horizon Brent price shed -0.20% to $76.33pb NASD closes slightly up by 0.05% October 30, 2018
Market Summary: The Market breadth closed negative 0.50x okay, these profits seem reasonable enough to take home. This was investors position today as sell-off pressure on yesterday gaining counters became short-lived as reflected in significant decline in PRESCO -3.10%, STANBIC 10.00%, JAPAULOIL 4.76% and 7 other counters which shed average -4.18% compared to 3.23% gain printed yesterday. This, however dragged the equities market further in the red territory by -2.12% to close at 32,466.27 as the YtD return continued to tread on the bloody street to end -15.11% compared to -13.27% recorded yesterday. In the same vein, market capitalization lost N256.14bn to end at N11.85trn as against N12.12trn on Tuesday, just as the total volume and value traded shed -31.26% and -37.19% to end the trading day at 212.51mn and N3.77bn apiece similar to -6.06% decline in the total deals executed to 3211. Money Market Rates Price %Δ Overnight rate 4.92-5.42 Open Buy Back 4.33-5.17 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 76.48 76.33-0.20 Gold 1223.3 1215.22-0.66 Silver 14.46 14.29-1.18 Platinum 835.85 838.73 0.34 Copper 268.15 265.45-1.01 NASD OTC Performance PARAMETER Previous Current Daily (%) USI 689.77 690.09 0.05 Capitalization ( 'Bn) 479.4 479.63 0.05 Volume Traded 171854 113244-34.10 Value Traded ( '000) 2742.52 12798.16 366.66 Deals Executed 7 7 0.00 Review of Sectoral Performance The bear continues to direct the course of market trajectory as evident in 4 sectors which went deeper in the red, saved marginal nudgeup in oil and gas index +0.74%. The sector s uptick was not far from the gains in OANDO +4.95% and FO +1.85% while JAPAULOIL lost - 4.75% to close at N0.20k.
Review of Sectoral Performance On the flip side, industrial and consumer goods indexes were severely hit by negative sentiment as it went down by -2.04% and -1.56% apiece. No thanks to the profit taking activities in some counters topped by DANGCEM -3.24%, DANGFLOUR -9.77%, HONYFLOUR -7.76% and NB -6.36% while INTBREW +10.0% appreciation remained lone gainer in the two sectors. On the same path, Banking sector and insurance indexes plunged -0.92% and - 0.39% respectively to close at 418.21 and 123.49 in that order on the back of losses in 9 counters in banking sector topped by STANBIC -10.0%, FBNH -3.03% and FCMB -2.61% while insurance category lost 4 counters to the bears topped by NIGERINS - 7.14%, WAPIC -6.98% and AIICO -5.33% in contrast to gains in 7 counters driven by REGALINS +10.0%, LINKASSURE +9.52%, JAIZBANK +8.7% and WEMABANK +3.51.
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 33167.88 32466.27-2.12-1.34-0.92-15.11 NSE Banking Sector Index 422.09 418.21-0.92-0.64 1.69-12.04 NSE Industrial Goods Index 1464.99 1435.11-2.04-1.59-6.12-27.36 NSE Consumer Goods Index 735.01 723.54-1.56-2.03-4.59-25.87 NSE Oil & Gas Index 289.21 291.35 0.74-2.12 1.27-11.90 NSE Insurance Index 123.97 123.49-0.39-1.11-1.42-11.39 Investors Sentiment Investors sentiment was severely punctured today due to further downtrend in market breadth as it closed with 15 gainers as against 30 losers. Top Gainers Top Losers Ticker Close Change %Δ Ticker Price Change %Δ AIRSERVICE 6.6 0.6 10 STANBIC 47.25-5.25-10 INTBREW 33.55 3.05 10 UNIONDAC 0.27-0.03-10 REGALINS 0.22 0.02 10 DANGFLOUR 6-0.65-9.77 LINKASSURE 0.69 0.06 9.52 GLAXOSMITH 11.1-1.2-9.76 JAIZBANK 0.5 0.04 8.7 FIDSON 4.9-0.5-9.26 CILEASING 2.8 0.2 7.69 HONYFLOUR 1.07-0.09-7.76 MAYBAKER 2.4 0.16 7.14 NIGERINS 0.26-0.02-7.14 MBENEFIT 0.3 0.02 7.14 WAPIC 0.4-0.03-6.98 OANDO 5.3 0.25 4.95 NB 82.4-5.6-6.36 LIVESTOCK 0.57 0.02 3.64 AIICO 0.71-0.04-5.33 Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ ZENITHBANK 29564439 695,773,662.50 6298.96 GUARANTY 196 1,634,740,682.80-25.36 NB 6584307 572,828,896.20 8075.11 FBNH 267 114,517,262.80 7.55 NESTLE 234411 321,507,796.10 216441.48 GUINNESS 56 78,314,040.70 1726.60 GUARANTY 196 43,586,339.00-24.37 FCMB 175 33,640,587.31-47.17 UNILEVER 799340 33,698,854.35 4412.98 FIDELITYBK 144 30,550,831.10 84.12 UBA 2799869 22,212,049.00 183.18 DANGCEM 27 24,648,631.40-98.47 FCMB 175 22,185,766.00-46.02 FLOURMILL 102 16,821,149.60 126.09 STANBIC 398276 18,818,560.80 4911.27 HONYFLOUR 91 13,046,838.70 334.62 FIDELITYBK 144 15,225,498.00 87.29 ACCESS 83 11,221,572.65-55.81 FBNH 267 13,980,629.00 14.90 DANGSUGAR 69 11,212,388.70 44.63
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