Daily Equities Market update Seesawed! But for the bull NASDUSI resumes uptrends by 0.93% November 6, 2018
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 32,154.03 while Yearto-Date(YTD) shelved off 28 basis points but still deep in the red ocean at -15.92%. Money Market Rates Price %Δ Overnight rate 5.42 1.83 Open Buy Back 4.83 1.75 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 73.35 72.16-1.62 Gold 1231.09 1227.44-0.30 Silver 14.67 14.56-0.75 Platinum 867.99 869.4 0.16 Copper 275.2 273.7-0.55 NASD OTC Indic ators PARAMETER Previous Current Daily (%) USI 682.7 689.04 0.93 Capitalization ( 'Bn) 474.5 478.9 0.93 Volume Traded 151090 202217 33.84 Value Traded - 8804.65 3121.41 ( '000) 64.55 Deals Executed 9 12 33.33 However, total trade by volume and value diverged as the earlier declined by -5.18% to close at 149.65mn 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 723.39 and 1397.35 apiece.
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 119.90 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)
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 32048.18 32154.03 0.33 0.09-0.96-15.92 NSE Banking Sector Index 417.27 415.06-0.53-1.01-0.75-12.70 NSE Industrial Goods Index 1392.29 1397.35 0.36-0.13-2.63-29.27 NSE Consumer Goods Index 710.47 723.39 1.82 1.23-0.02-25.89 NSE Oil & Gas Index 292.24 291.87-0.13 0.70 0.18-11.74 NSE Insurance Index 121.25 119.90-1.11-1.66-2.91-13.97 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 20.15 1.8 9.81 FIDSON 4.5-0.5-10 NAHCO 3.58 0.18 5.29 MBENEFIT 0.27-0.03-10 DANGSUGAR 13.45 0.55 4.26 UAC-PROP 1.6-0.17-9.6 UBA 7.8 0.3 4 NIGERINS 0.2-0.02-9.09 NESTLE 1430 50 3.62 LIVESTOCK 0.52-0.05-8.77 DANGFLOUR 6 0.2 3.45 UNITYBNK 0.65-0.06-8.45 CAVERTON 1.85 0.05 2.78 FLOURMILL 17-1.5-8.11 LAWUNION 0.56 0.01 1.82 REGALINS 0.2-0.01-4.76 GUINNESS 74 1 1.37 NEM 2.62-0.12-4.38 FBNH 7.45 0.1 1.36 HONYFLOUR 1.08-0.04-3.57 Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ FIDELITYBK 149 22,032,862.00 306.16 NESTLE 32 723,833,112.70 418.53 REGALINS 24 19,400,035.00 1820.80 GUARANTY 101 447,070,287.95-10.39 GUARANTY 101 11,783,274.00-10.29 SEPLAT 33 344,267,384.40 2657.33 FBNH 306 10,919,131.00-13.48 UNILEVER 67 296,930,476.45 4363.72 ZENITHBANK 288 10,125,490.00 44.92 ZENITHBANK 288 241,268,015.60 45.63 UNILEVER 67 7,519,327.00 4382.75 NB 125 150,926,792.30 189.98 FCMB 113 7,210,263.00-50.32 STANBIC 32 123,142,834.30 135.22 WAPIC 30 5,812,530.00-55.34 GUINNESS 31 98,697,026.45 4257.63 TRANSCORP 56 5,006,979.00-11.07 FBNH 306 81,504,947.10-12.48 DIAMONDBNK 53 4,123,289.00 54.70 FLOURMILL 116 51,808,005.85 1268.79
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