Daily Equities Market update Boom!!! The Bulls pop champagne today NASDUSI continues in the red -1.13% December 04, 2018
Summary: The Market breadth closed Positive at 1.86x Did the equities market suddenly ignore the known-known risks (political uncertainties and traction in debt market) which have plagued investors interest prior this month? Evidently, the local bourse buoyed today on the back of analysts report that most counters are in its 52-week low which spurred lots of dip buying. Consequently, DIAMONBNK, ZENITHBANNK, LEARNAFRCA and GUARANTY topped the list of counters which enjoyed positive sentiments in the two consecutive trading days this week while sell off pressure was sustained in CONTINSURE, LASACO and NB. In addition, stocks which recorded positive closed yesterday maintained previous trajectory in today s session. Away from that, the All Share Index rose 0.68% to close at 31,007.25 while the market cap gained N76.115billion to finish at N11.320trillion. As a result of the bullish sentiment, Relative Strength Index (RSI) turned the curve northwards to 35.20 from 29.88, representing the first leap above the oversold region since 23 rd of November, 2018. Similarly, Year-to-Date (YtD) return inched up 55 basis points to close at -18.92% from new low of -19.96% recorded last week Thursday. Money Market Rates Rate(%) %Δ Overnight rate 8.50 1.83 Open Buy 8.67 2.00 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 61.35 62.65 2.12 Gold 1232.45 1238.9 0.52 Silver 14.55 14.68 0.89 Platinum 805.1 800.85-0.53 Copper 283.6 278.7-1.73 NASD OTC Indicators PARAMETER Previous Current Daily (%) USI 702.4 694.44-1.13 Capitalization ( 'Bn) 488.18 482.65-1.13 Volume Traded 792430 122311-84.57 Value Traded ( '000) 17403.4 8155.43-53.14 Deals Executed 23.272 16 45.45 Going forward, the total volume and value traded today dipped -20.50% and -22.24% to end the session at 198.54million and N2.115billion respectively just as the deals also went down - 10.25% at 2,802. Leading the Global Investment Path to Africa
Review of Sectoral Performance Daily Equities Market Recap Amidst ubiquitous buying pressure in the market today, Banking sector benefitted the most as its index advanced 2.62% to 411.41 due to gains in its 9 counters topped by DIAMONDBNK 9.86%, UBA 6.67%, GUARANTY 3.75% and FBNH 2.7% while STERLNBANK - 2.86% was a lone decliner in the sectors as others closed unchanged. Insurance sector trailed by 0.67% to end at 121.48 upon buying interest in MANSARD 9.98%, AFRIPRUD 1.9% and AIICO 1.54% while LINKASSURE -9.68%, VERITASKAP -9.09% and MBENEFIT -8.0% topped its decliners. On the laggards table, Industrial goods sector -0.94% was downtrodden as a result of tepid interest in WAPCO -4.48% while others closed flat. In the same vein, consumer goods index plunged -0.13% to 728.80 as investors sold off UNILEVER -1.0% and NB -0.5% while the gains in CADBURY 2.16%, HONYFLOUR 1.85%, DANGFLOUR 0.81% and 3 other counters could not keep the sector in the green. Oil and gas sector however closed flat as its counters remained unchanged. Movement of NSEASI(Year-to-Date) the Global Investment Path to Africa
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 30798.76 31007.25 0.68 0.43 0.43-18.92 NSE Banking Sector Index 400.92 411.41 2.62 3.25 3.25-13.47 NSE Industrial Goods Index 1244.18 1232.54-0.94-0.96-0.96-37.61 NSE Consumer Goods Index 729.73 728.80-0.13-0.85-0.85-25.34 NSE Oil & Gas Index 281.74 281.74 0.00 2.07 2.07-14.80 NSE Insurance Index 120.67 121.48 0.67-3.87-3.87-12.84 Investors Sentiment Investors took position in undervalued stocks today which saw 26 counters closed uptrend as against 14 losers. Obviously, market undulation continues with more interest in the banking sector. Top 10 Gainers Top 10 least performed Ticker Close Change %Δ Ticker Price Change %Δ MANSARD 2 0.18 9.89 LINKASSURE 0.56-0.06-9.68 DIAMONDBNK 0.78 0.07 9.86 VERITASKAP 0.2-0.02-9.09 UPL 2.15 0.15 7.5 MAYBAKER 2.3-0.2-8 UBA 8 0.5 6.67 MBENEFIT 0.23-0.02-8 UNIONDAC 0.25 0.01 4.17 REGALINS 0.2-0.01-4.76 GUARANTY 35.95 1.3 3.75 WAPCO 12.8-0.6-4.48 FBNH 7.6 0.2 2.7 ABCTRANS 0.27-0.01-3.57 CADBURY 9.45 0.2 2.16 LASACO 0.27-0.01-3.57 WEMABANK 0.52 0.01 1.96 TRANSCORP 1.12-0.04-3.45 UBN 5.25 0.1 1.94 STERLNBANK 1.7-0.05-2.86 Top Traded Stocks by Volume Top Traded stocks by Value Ticker Deal Volume %Δ Ticker Deal Value %Δ FBNH 266 63,915,597.00 188.95 FBNH 266 479,304,950.25 197.75 ACCESS 179 23,150,958.00-34.08 GUARANTY 207 407,277,545.45-33.18 ETI 54 16,472,731.00 11294.92 ETI 54 263,561,461.90 11435.33 FCMB 100 11,846,363.00-73.71 DANGCEM 137 177,283,268.30-73.73 GUARANTY 207 11,597,424.00 374.05 ACCESS 179 172,944,433.20 372.44 TRANSCORP 63 9,586,629.00-71.77 ZENITHBANK 169 129,773,239.45-71.39 LASACO 28 7,136,102.00 1999.69 UNILEVER 25 99,136,312.50 2029.53 UBA 121 5,833,292.00-59.13 NESTLE 41 80,132,592.40-58.99 ZENITHBANK 169 5,429,810.00 203.42 NB 110 77,311,418.40 203.71 FIDELITYBK 75 4,747,727.00-71.22 UBA 121 45,381,712.75-70.22 Leading the Global Investment Path to Africa
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