Weekly Financial Market update Roller-coaster week! Thanks to DANGCEM NASDOTC finishes in green w/w at 1.06% January 18, 2018
Weekly financial Market Update Weekly Market Summary: The Market breadth closed negative at 0.95x The bullish party which began last week Friday has won the contest against the 6-day losing streaks printed before the positive turn last week Friday after which the bourse recorded 7 days of consecutive gains. Morgancapital research however observed that the industrial sector remained the lone gainer Week-to-Date(WtD), Month-to-Date(YtD) and Year-to-Date(YtD) at significant rates of 8.75% and 12.75% while other sectors were largely in the red ocean, even worse than the return on the benchmark index. The industrial sector surged w/w on the back of unfettered buying interest in CCNN and DANGCEM which gained 25.50% and 10.011% w/w respectively. Consumer goods and insurance sector also advanced in the week by 2.72% and 5.53% due to bullish sentiments around NEM, SOVRENINS, REGALINS among others while oil and gas index inched up slightly by 0.59%. Banking sector ended as the only loser among the 5 sectors under review as a result of negative sentiment in most of its bellwether counters. Going forward, a total volume of 1.270billion shares worth N13.46billion were traded in 16,468 deals as against 1.265billion units of shares valued N14.07billion exchanged in 19,275 deals last week representing 0.38%, -4.35% and - 14.56% changes in the indicators apiece. Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 61.7 60.67-1.67 Gold 1289.12 1290.13 0.08 Silver 15.69 15.68-0.06 Platinum 824.6 814-1.29 Copper 264.65 264.85 0.08 Money Market Rates Rate(%) %Δ Overnight rate 22.50-2.17 Open Buy 20.00-2.67 w-o-w returns chart Gainers %Δ NEM 43.35 SOVRENINS 30.00 ROYALEX 28.57 CCNN 25.50 CUSTODIAN 21.70 UBN 12.50 DANGCEM 10.11 REGALINS 10.00 UNITYBNK 9.64 IKEJAHOTEL 9.35 losers %Δ RESORTSAL -29.73 BETAGLAS -17.91 LINKASSURE -13.85 BERGER -9.88 LIVESTOCK -9.43 NNFM -9.20 LAWUNION -9.09 WAPIC -9.09 CORNERST -9.09 NPFMCRFBK -8.18 That said, NSEASI recorded the highest daily return today as it rose 1.38% to end the session at 31,005.17 while the equities market cap gained N157.35billion to N11.562trillion upon
sustained buying interest in NEM, SOVRENINS, NEIMETH, ROYALEX, ETI, MOBIL, DANGCEM, NB and DANGFLOUR in contrast to sell pressures which continued in NAHCO, ZENITHBANK, FCMB, ACCESS and GUARANTY. Furthermore, profit taking weighed on the share prices of JAIZBANK, UNIONDAC, FO, TRANSCORP, AIICO and UBA. The bullish run helped the Relative Strength Index to close uptrend at 54.94 from 49.46, just as the Year-to-Date(YtD) performance increased momentum uptrend by 130 basis points to -1.35%. However, the total volume and value of stocks traded rose 30.21% and 15.46% to 300.803million and N3.764billion respectively which were exchanged in 3,317 deals. Review of Sectoral Performance Most sectors ended in the green territory today save for banking sector which shed -0.37% as a result of price depreciation in JAIZBANK -7.41%, FCMB -3.3%, UBA -2.67%, ACCESS -2.61% and GUARANTY -1.39%. Industrial goods retained the spotlight on the positive sectors chart as it surged 4.21% today to close at 1,346.18 upon the significant gains in CCNN 9.13%, DANGCEM 2.58% and WAPCO 1.99%. Consumer goods and insurance indexes trailed by 2.03% and 1.12% to finish at 723.87 and 122.38 respectively due to positive sentiments in NESTLE 3.49%, NB 2.86%,DANGFLOUR 1.55%, REGALINS 10.0%, NEM 9.73% and SOVRENINS 8.33%. Oil and gas index however rose marginally by 0.09% to 282.68 on the back of upticks in OANDO 1.14% and ETERNA 1.14%. Movement of NSEASI(Year-to-Date) Relative Strength Index (RSI) Source: MorganCapital Research
NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 30,583.21 31,005.17 1.38 3.94-1.35-1.35 NSE Banking Sector Index 380.91 379.51-0.37-1.04-4.74-4.74 NSE Industrial Goods Index 1,291.83 1,346.18 4.21 12.71 8.75 8.75 NSE Consumer Goods Index 709.50 723.87 2.03 2.72-3.33-3.33 NSE Oil & Gas Index 282.43 282.68 0.09 0.59-6.50-6.50 NSE Insurance Index 121.02 122.38 1.12 5.53-3.24-3.24 Source: NSE, MorganCapital Research Market sentiment Investors sentiment declined today, even though the market closed in the positive territory as its recorded 21 counters in the green as against 22 losers. We however advised investors to trade cautiously so as not to be caught in bull trap. Best Performed stocks Least Performed stocks Ticker Close Change %Δ Ticker Price Change %Δ REGALINS 0.22 0.02 10 BERGER 7.75-0.85-9.88 NEIMETH 0.67 0.06 9.84 LIVESTOCK 0.48-0.05-9.43 UBN 6.75 0.6 9.76 BETAGLAS 55-5.3-8.79 NEM 2.48 0.22 9.73 JAIZBANK 0.5-0.04-7.41 UNITYBNK 0.91 0.08 9.64 RESORTSAL 0.26-0.02-7.14 CUSTODIAN 6.45 0.55 9.32 UNIONDAC 0.27-0.02-6.9 CCNN 25.1 2.1 9.13 LAWUNION 0.5-0.03-5.66 SOVRENINS 0.26 0.02 8.33 LINKASSURE 0.56-0.03-5.08 AGLEVENT 0.31 0.02 6.9 WAPIC 0.4-0.02-4.76 ROYALEX 0.27 0.01 3.85 UCAP 3.02-0.15-4.73 Top Traded Stocks by Volume Top Traded Stocks by Value Deal Volume %Δ Ticker Deal Value %Δ DIAMONDBNK 120 72,177,497.00 21.17 GUARANTY 363 1,488,552,216.95 0.56 ZENITHBANK 374 49,699,742.00 150.61 ZENITHBANK 374 1,063,759,856.65 148.79 GUARANTY 363 46,258,001.00 1.47 UNILEVER 38 218,831,569.15 15005.9 ACCESS 201 15,869,145.00-18.52 NESTLE 36 154,561,368.50 560.35 FIDELITYBK 87 15,543,435.00 62.5 DIAMONDBNK 120 151,913,842.41 21.4 SOVRENINS 52 11,804,844.00 58.85 DANGCEM 54 91,497,161.70-56.22 FBNH 188 11,786,119.00 9.06 ACCESS 201 90,154,491.00-19.59 UBA 164 10,478,395.00 134.02 FBNH 188 86,471,885.20 8.9 WAPIC 47 6,566,483.00 195.57 UBA 164 77,385,602.70 131.77 FCMB 64 6,128,837.00 91.33 ETI 42 72,856,986.50-33.13 Source: NSE, MorganCapital Research
NASD OTC Performance PARAMETER Previous Current Weekly(%) Daily (%) USI 746.5 754.4 0.26 1.06 Capitalization ( 'Bn) 536.32 541.99 0.26 1.06 Volume Traded 8908633 12155600 5685.10 36.45 Value Traded ( '000) 20440.64 26892.6 405.99 31.56 Deals Executed 10 5 0.00-50.00 NSEASI & Moving Averages (100 and 200-day) Source: NSE, MorganCapital Research Top Performers Global Market Performance in One week Top Decliners Index Δ Index Δ Turkey 6.16% London -1.55% Korea 2.12% Mongolia -1.27% Canada 2.06% UAE Dubai -1.13% Portugal 1.95% Philippines -0.73% New Zealand 1.78% Ireland -0.66% Rus 3000 value 1.66% Chinext -0.60% Brazil 1.65% Thailand -0.46% Rus 3000 1.54% Denmark -0.41% Rus 1000 1.54% Jordan -0.38% United States 1.53% Egypt -0.33%
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