Daily Equities Market update Indomitable Banking sector index tops performers Brent price rises slightly $77.62pb NASD continues its downtrend to close at -0.4% October 29, 2018
Market Summary: The Market breadth closed flat 1.0x It seems the market is now mostly positive, but how long can the intermittent positive sentiments sustain the 8-day gaining streaks recorded from 18 th of October, 2018 till date baring the outlier on 24 th of October, 2018? Does end to the release of Q3 2018 portend a halt to bull run? Anyways, Time will tell! Money Market Rates Price %Δ Overnight rate 15.50 4.08 Open Buy Back 14.83 4.50 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 77.4 77.62 0.28 Gold 1233.87 1227.35-0.53 Silver 14.7 14.45-1.70 Platinum 831.57 832.85 0.15 Copper 274 272.45-0.57 The equities market resumed the week in the green, advanced by 88 basis points lower than last week close at 1.4% as the index added 288.74 points to end the day at 32,907.3 from 33,196.07. The positive return is hinged on appreciation in financial and industrial sector heavyweight counters topped by GUARANTY +4.05%, ZENITHBANK +1.88 and DANGCEM +0.71 which gained N1.50, N0.45 and N1.50 respectively. This, however saw the YtD return advanced by 95 basis points to close at -13.95% as it continued to stay in the red ocean, in contrast to a consistent rise in RSI at 50.88 as against Friday and last week Monday at 44.07 and 48.82 apiece. Thus, all indices point to marginal uptick in trend. At the end today s trading session, market capitalization added N105.41billion to its value to close up at N12.12trillion compared to N12.01trillion, just as the total turnover by value inched up by 46.66% to end at N2.88billion from N1.96billion. In contrast to -33.03% and -46.31% decline in total deals and volume traded to 2,624 and 150.50million. Leading the Global Investment Path to Africa
Review of Sectoral Performance Sectors were mostly under water today as 2 of 5 sectors escaped the bears, topped by banking sector index +1.98 due to uptick in its major counters; STANBIC +5.52%, GUARANTY+4.05%, STERLNBNK +3.33% and four other stocks. The sector was trailed by 0.43% appreciation in industrial goods index consequent upon gain in DANGCEM by 0.71% while MEYER lost -8.82%. On the decliner sectors, the three decline marginally, topped by Insurance -0.39% due to depreciation in AIICO -8.86%, CUSTODIAN -8.33%, GUINEAINS -7.41% and two others. Similarly, oil and gas index shed -0.25% as a result of decline in the price of JAPAULOIL - 4.76%, OANDO -2.8% and ETERNA -2.42% while FO gained 2.86%. In the same vein, consumers good index shed -0.17 on the back of plunge in share price of FLOURMILL -1.55% and NB -0.57% while HONYFLOUR was a lone gainer in the sector at 3.45%. Movement of NSEASI(Year-to-Date) Source: NSE, MorganCapital Research Source: NSE, MorganCapital Research Leading the Global Investment Path to Africa
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 32907.33 33196.07 0.88 0.88 1.31-13.20 NSE Banking Sector Index 420.89 429.22 1.98 1.98 4.37-9.72 NSE Industrial Goods Index 1458.35 1464.68 0.43 0.43-4.19-25.86 NSE Consumer Goods Index 738.56 737.32-0.17-0.17-2.77-24.46 NSE Oil & Gas Index 297.65 296.90-0.25-0.25 3.20-10.22 NSE Insurance Index 124.88 124.39-0.39-0.39-0.70-10.75 Investors Sentiment Investors sentiment closed at equilibrium as the market recorded 17 gainers as against 17 losers. Thus, this reflect long term downtrend as the bulls are yet to suppress the based effect of bearish start out. Top Gainers Top Losers Ticker Close Change %Δ Ticker Price Change %Δ CHIPLC 0.33 0.03 10 UNITYBNK 0.81-0.09-10 LASACO 0.32 0.02 6.67 DIAMONDBNK 1.3-0.14-9.72 STANBIC 49 3 6.52 ROYALEX 0.2-0.02-9.09 WAPIC 0.44 0.02 4.76 AIICO 0.72-0.07-8.86 GUARANTY 38.5 1.5 4.05 MEYER 0.62-0.06-8.82 TRANSCORP 1.31 0.05 3.97 CUSTODIAN 4.95-0.45-8.33 HONYFLOUR 1.2 0.04 3.45 GUINEAINS 0.25-0.02-7.41 STERLNBANK 1.55 0.05 3.33 LAWUNION 0.55-0.03-5.17 FO 21.6 0.6 2.86 JAPAULOIL 0.2-0.01-4.76 CILEASING 2.6 0.05 1.96 FIDELITYBK 2.03-0.06-2.87 Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ ZENITHBANK 204 28,425,863.00 101.70 GUARANTY 254 1,066,468,043.25 691.38 GUARANTY 254 28,284,021.00 667.29 ZENITHBANK 204 690,371,829.05 104.11 FCMB 115 15,366,869.00-64.80 DANGCEM 55 479,430,163.20 2267.65 FBNH 213 10,465,662.00 122.51 INTBREW 16 170,404,882.05 29.49 FIDELITYBK 98 9,125,721.00-49.35 FBNH 213 94,100,537.25 121.55 DIAMONDBNK 79 8,084,466.00-34.17 NB 63 93,856,518.80-56.66 INTBREW 16 5,497,244.00 29.53 STANBIC 22 68,229,793.65 2328.66 UBA 124 4,997,781.00 8.04 UBA 124 40,031,824.55 8.26 AIICO 53 3,713,904.00 1257.77 FCMB 115 23,826,632.84-64.98 TRANSCORP 61 2,528,095.00-34.67 NESTLE 20 21,770,455.00-82.98 Source: NSE, MorganCapital Research Leading the Global Investment Path to Africa
NASD OTC Performance PARAMETER Previous Current Daily (%) USI 697.97 694.96-0.4 Capitalization ( 'Bn) 485.11 483.01-0.4 Volume Traded 13300 604425 4444.5 Value Traded ( '000) 1717.08 22026.13 1182.8 Deals Executed 4 18 350.0
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