Daily Equities Market update DIAMONDBNK Remains Unforgiven for now NASDUSI halts downtrends to close up o.93% November 14, 2018
Summary: The Market breadth closed positive at 1.06x It is really obvious that the market has not relented punishing DIAMONDBNK counter for the misinformation which lingered in investors minds. However, it shares price has consistently trends southward from last week Friday close; N1.28k to N0.95k representing a loss of -25.78% to today s session. On the flip side, investors bought the dip in 7 counters, on the front burner were REGALINS, HONYFLOUR, LAWUNION and FBNH while sell off position in DANGFLOUR, FLOURMILL, UBA and ZENITHBANK saw their shares held in the bearish market, although positive sentiment was sustained in UNITYBNK, OANDO, ACCESS and AFRIPRUD to end in the green from positive close recorded yesterday. The local bourse index shed -0.14% or 43.98 points to close the trading day at 32,108.92 just as the equities market cap gave up yesterday gains to plunge N16.054billion thereby ending at N11.722trillion. Money Market Rates Rate(%) %Δ Overnight rate 6.42-0.17 Open Buy Back 5.75 0.08 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 67.34 67.41 0.10 Gold 1202.97 1201.52-0.12 Silver 14.03 14.05 0.14 Platinum 843.03 835.83-0.85 Copper 269.3 271.3 0.74 NASD OTC Indicators PARAMETER Previous Current Daily (%) USI 698.01 704.47 0.93 Capitalization ( 'Bn) 485.14 489.62 0.92 Volume Traded 397675 69040-82.64 Value Traded ( '000) 60120.4 9816.86-83.67 Deals Executed 16 6-62.50 Going forward, the total turnover in term of volume slipped -42.65% to end at 229.26million in contrast to the surge in total value traded 11.40% to N2.498billion while deals executed today dipped -5.35% to finish at 2726. Furthermore, YtD return was depressed in the red to close at -16.04% while RSI remained in its 41 points. Review of Sectoral Performance Most sectors were subdued by intensified bearish sentiment and tepid investors participation in the market which saw three
sectors closed slightly above water, topped by insurance index 0.21% on the back of gains in LAWUNION 5.77%, REGALINS 5.0% and NEM 3.8% which absorbed the losses recorded in LINKASSURE -8.82% and VERITASKAP -8.0%. Industrial and consumer goods indexes trailed to close marginally up by 0.01% and 0.05% upon appreciation in HONYFLOUR 6%, VITAFOAM 1.52%, NB 0.61% and CCNN 0.56% in contrast to downtrends in FLOURMILL -2.08%, DANGFLOUR -1.64% and DANGSUGAR -0.8%. Oil and gas sector was severely pummeled -1.23% to close at 291.31. The decline is traceable to investors waned interest in ETERNA -9.17% and JAPAULOIL -4.76% in contrast to the uptick in OANDO 1.0%. Similarly, Banking sector shed -0.32% as a result of sell off pressure o n its 5 counters topped by DIAMONDBNK -9.52%, JAIZBANK -9.09% and NPFMCRFBK -8.11% as against 4 performers topped by UNITYBNK 8.97%, FCMB 1.27% and FBNH 0.67%. Movement of NSEASI(Year-to-Date)
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 32152.90 32108.92-0.14-0.28-1.10-16.04 NSE Banking Sector Index 413.94 412.63-0.32-1.13-1.33-13.21 NSE Industrial Goods Index 1371.01 1371.21 0.01 1.88-4.45-30.59 NSE Consumer Goods Index 725.22 725.57 0.05-0.11 0.28-25.67 NSE Oil & Gas Index 294.93 291.31-1.23-0.75-0.01-11.91 NSE Insurance Index 115.41 115.65 0.21-3.30-6.35-17.02 Investors Sentiment Even though the market Index closed in the negative territory, 17 counters finished in the bull market compared to 16 losers recorded today. Top 10 Gainers Top 10 Losers Ticker Close Change %Δ Ticker Price Change %Δ UNITYBNK 0.85 0.07 8.97 DIAMONDBNK 0.95-0.1-9.52 HONYFLOUR 1.06 0.06 6 ETERNA 4.95-0.5-9.17 LAWUNION 0.55 0.03 5.77 JAIZBANK 0.4-0.04-9.09 REGALINS 0.21 0.01 5 LINKASSURE 0.62-0.06-8.82 NEM 2.67 0.1 3.89 NPFMCRFBK 1.36-0.12-8.11 MAYBAKER 2.4 0.05 2.13 VERITASKAP 0.23-0.02-8 AFRIPRUD 3.83 0.06 1.59 JAPAULOIL 0.2-0.01-4.76 VITAFOAM 3.35 0.05 1.52 UPL 2.12-0.06-2.75 FCMB 1.6 0.02 1.27 TRANSCORP 1.19-0.03-2.46 OANDO 5.05 0.05 1 NAHCO 3.55-0.08-2.2 ` Top Traded Stocks by Volume Top Traded stocks by Value Ticker Deal Volume %Δ Ticker Deal Value %Δ FBNH 327 72,070,538.00 268.70 FBNH 327 541,220,892.90 271.75 DIAMONDBNK 101 29,601,668.00 88.93 ZENITHBANK 244 497,847,589.30 226.10 ACCESS 135 22,385,302.00 222.01 GUARANTY 165 456,506,976.20 117.59 ZENITHBANK 244 20,721,430.00 227.80 NB 86 353,513,368.70 744.81 GUARANTY 165 12,525,131.00 117.42 NESTLE 61 217,466,855.30-51.77 REGALINS 11 11,433,381.00 1782.74 ACCESS 135 176,844,251.30 222.99 STDINSURE 1 8,000,000.00 - UBA 107 62,760,580.85-12.70 UBA 107 7,859,966.00-12.72 DIAMONDBNK 101 28,123,584.60 69.95 TRANSCORP 80 7,412,484.00 193.41 DANGCEM 27 26,919,528.40-72.23 JAPAULOIL 22 5,591,361.00 96.09 FLOURMILL 74 18,401,716.70 127.15
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