Daily Equities Market update Positive Market breadth didn t help NASDUSI resumes in the red -0.10% November 12, 2018
Summary: The Market breadth closed positive at 1.17x In the capital market today, activities were largely quiet as reflected in 71 counters which ended unchanged as against 26 gainers and losers recorded. Investors hunted for bargains in the shares of PZ, OANDO, HONYFLOUR, MAYBAKER, ACCESS and FBNH thereby closing uptrends from the previous negative return compared to the negative sentiments around the counters of NEM, LIVESTOCK, DIAMONDBNK, UBA, TRANSCORP, NB and STANBIC which dragged the prices in the red from uptrends printed last week. That said, due to the rumor as disclaimed by Access and Diamond bank on the proposed acquisition, sell offs on the later placed it on topped of the highest traded volume while its share price declined in contrast to gain in ACCESS counters; 1.3%. Consequently, the total market volume traded rose 17.19% to close at 142.11million, just as the total deals executed added 94 or 3.51% in contrast to the decline in total stocks traded by value -1.54% at N1.56billion. Money Market Rates Price %Δ Overnight rate 7.00 2.0 Open Buy Back 6.08 1.83 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 70.03 71.03 1.43 Gold 1209.21 1204.16-0.42 Silver 14.15 14.03-0.85 Platinum 852.88 848.62-0.50 Copper 268.1 268.2 0.04 NASD OTC Indicators PARAMETER Previous Current Daily (%) USI 702.12 701.4-0.10 Capitalization ( 'Bn) 487.99 487.49 2.8 Volume Traded 782387 123683 1473 Value Traded ( '000) 60600.97 1874.8 926.5 Deals Executed 11 6 10 Similarly, the YtD return resumed the week deeper in the red by -15.95% from last week close; -15.80% while equities market cap. lost N20.74billion to end the session at N11.73trillion. Review of Sectoral Performance Sectors were mainly subdued today as the marginal gains recorded in Consumer good 0.17% and Oil/gas 0.75% indexes were due to few gainers in the sectors topped by FLOURMILL, OANDO, HONYFLOUR and VITAFOAM as against the decline in DANGSUGAR 0.77%.
Away from the positives, Banking sector and Insurance indexes shed -1.06% and - 1.40% to close at 412.9 and 118.04 respectively as a result of losses in most big names topped by ABBEYBDS, DIAMONDBNK, NEM, FCMB and GUARANTY -9.4%, - 9.38%, -8.21%, -2.45% and -1.75% compared to the sectors topped gainers REGALINS 10.0%, FBNH 2.01%, AIICO 1.54% and ACCESS 1.3% while Industrial goods index closed flat as its counters prices remained unchanged. Movement of NSEASI(Year-to-Date)
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 32200.21 32143.41-0.18-0.18-0.99-15.95 NSE Banking Sector Index 417.33 412.90-1.06-1.06-1.27-13.15 NSE Industrial Goods Index 1345.86 1345.86 0.00 0.00-6.22-31.88 NSE Consumer Goods Index 726.34 727.61 0.17 0.17 0.56-25.46 NSE Oil & Gas Index 293.52 295.71 0.75 0.75 1.50-10.58 NSE Insurance Index 119.60 118.04-1.30-1.30-4.41-15.30 Investors Sentiment Even though the market was downtrodden by lackluster investors sentiments toward most of the counters today, the breadth closed positive with 14 gainers as against 12 losers. Top 10 Gainers Top 10 Losers Ticker Close Change %Δ Ticker Price Change %Δ REGALINS 0.22 0.02 10 ABBEYBDS 1.06-0.11-9.4 UNIONDAC 0.27 0.02 8 DIAMONDBNK 1.16-0.12-9.38 FLOURMILL 16.5 1.1 7.14 NEM 2.57-0.23-8.21 OANDO 4.95 0.3 6.45 LIVESTOCK 0.52-0.04-7.14 HONYFLOUR 1.08 0.03 2.86 FCMB 1.59-0.04-2.45 MAYBAKER 2.35 0.05 2.17 GUARANTY 36.5-0.65-1.75 VITAFOAM 3.3 0.07 2.17 ZENITHBANK 24-0.4-1.64 FBNH 7.6 0.15 2.01 FIDELITYBK 1.96-0.03-1.51 PZ 9.15 0.15 1.67 TRANSCORP 1.22-0.01-0.81 AIICO 0.66 0.01 1.54 DANGSUGAR 12.9-0.1-0.77 Top Traded Stocks by Volume Top Traded stocks by Value Ticker Deal Volume %Δ Ticker Deal Value %Δ DIAMONDBNK 243 32,238,108.00 2402.57 GUARANTY 225 738,137,188.45 811.78 GUARANTY 225 19,979,436.00 816.88 ZENITHBANK 302 285,213,065.90 16.81 UBA 135 16,057,330.00 126.39 UBA 135 128,291,119.15 126.77 FBNH 219 13,255,534.00-18.05 FBNH 219 98,732,995.95-18.03 ZENITHBANK 302 11,738,654.00 16.72 DIAMONDBNK 243 37,676,244.47 2216.70 FIDELITYBK 103 10,983,662.00 217.90 NESTLE 26 34,323,262.10-50.46 FCMB 58 5,565,540.00 31.33 FLOURMILL 75 33,984,513.55 68.69 STERLNBANK 62 3,756,123.00 20.33 STANBIC 41 25,104,478.85 35.77 TRANSCORP 60 2,761,768.00 25.07 NB 59 21,741,142.00-60.26 ACCESS 92 2,727,406.00-83.61 FIDELITYBK 103 21,595,463.08 215.08
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) 3429613, 234-(1)4540114 Email: 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.