Daily Market update o Equities market resumes the week slightly down by -0.39% September 17, 2018
Daily Market Summary: The Market breadth closed negative (0.78X). The Nigerian bourse resumed the week on a negative note as the sentiments largely skewed toward the bears dominance which took NSEASI index slightly down -0.39% to close at 32201.98pts, and equity value also declined to N11.76trillion from N11.80trillion on Friday. A total of 160.67million shares worth N2.15billion (-54.53%) were exchange in 2935 deals (-5.93%). Similarly, the year to date performance also continued its downtrend below the seemingly tw0-week bearish ceiling of 10% to close at - 15.80% from -15.47% in previous close. Money Market Rates Price %Δ Overnight rate 12.67 0.67 Open Buy Back 11.83 1.17 Daily Commodity Price Watch Previous Current %Δ Brent($/PB) 78.25 78.71 0.59 Gold 1195.5 1202.82 0.61 Silver 14.14 14.24 0.71 Platinum 797.5 804 0.82 Copper 264.3 265.1 0.30 Review of Sector Performance After the trading session today, oil and gas sector slightly survived the bears prey to close at 0.33%. Thanks to the appreciation in FO(N1.5k or 8.57%) and JAPAULOIL(N0.01k or 4.35%);out of 12 counters in the sector which represent 30.26% of the sector s traded value. In contrast, MOBIL shed -0.56%. On the negative side, consumer goods index topped the chart with lost of -0.81% upon decline in its big caps; out of 21 counters traded in the sector today, 4 closed in red topped by CHAMPION (-10.0%), GUINNESS (-2.16%) and NESTLE (-1.46%), while the 2 green performance recorded were counters of FLOURMILL (+0.79%) and HONYFLOUR(+6.47%). Furthermore, banking sector and insurance also closed down slightly -0.55% and -o.61% apiece. The banking sector was dragged as reflecting in negative breadth of 11 gainers topped by ACCESS (+3.85%) and FIDELITY (+2.44%) to 13 losers topped by UNITYBK(-8.6%) and WEMABANK(- 5.0%). Leading the Global Investment Path to Africa
Insurance sector negative sentiment was also on the back of depreciation in the counters of STDINSURE(-8.0%) and NIGERINS(-6.06%). However, PRESTIGE and SOVRENINS appreciated by +8.33% and +4.35% respectively Movement of NSEASI(Year-to-Date) Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 32327.59 32201.98-0.39-0.39-7.23-15.80 NSE Banking Sector Index 390.87 388.71-0.55-0.55-6.60-18.24 NSE Industrial Goods Index 1512.94 1512.94 0.00 0.00-9.27-23.42 NSE Consumer Goods Index 754.93 748.81-0.81-0.81-7.97-23.29 NSE Oil & Gas Index 282.46 283.40 0.33 0.33-5.29-14.30 NSE Insurance Index 130.51 129.71-0.61-0.61-5.99-6.93 Leading the Global Investment Path to Africa
NSE Market Indices Return Individual Stock Performance The market closed with 18 gainers topped by CILEASING, FO and PRESIGE, while the 23 decliners recorded were topped by counters of CHAMPION, REDSTAREX and ROYALEX. That said, ACCESS and GUARANTY topped the traded volume turnover, and GUARANTY also topped the traded value although its total traded volume and value decline significantly by -65.52% and -64.91% respectively compare to the previous trading day. Top Gainers Top Losers Ticker Close Change %Δ Ticker Price Change %Δ CILEASING 3.15 0.25 8.62 CHAMPION 1.62-0.18-10 FO 19 1.5 8.57 REDSTAREX 4.95-0.5-9.17 PRESTIGE 0.52 0.04 8.33 ROYALEX 0.21-0.02-8.7 UNIONDAC 0.32 0.02 6.67 JOHNHOLT 0.53-0.05-8.62 HONYFLOUR 1.48 0.09 6.47 UNITYBNK 0.85-0.08-8.6 Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ ACCESS 127 GUARANTY 216 SKYEBANK 109 ZENITHBANK 261 24,009,373.00 23,691,142.00 14,995,036.00 10,326,366.00 252.90 GUARANTY 216 805451303.1-64.91-65.52 INTBREW 13 221176544 1132.20 56.06 NB 75 216229823.4 47.03-80.07 ZENITHBANK 261 208948206.9-79.88 CILEASING 20 2701.92 ACCESS 127 185393857 249.21 8,257,249.00 Our Opinion As the negative sentiments prevailed in the market today, we expect this to continue tomorrow. Therefore, investors are advised to focus on stability stocks rather than cyclical or speculative counters.
Daily Equities Market Recap 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.