Daily Equities Market update Premium board bullish sentiment places the market in green Brent price rose to $81.37pb NASD OTC maintains uptrend at 0.13% October 16, 2018
Daily Equities Market Recap Daily Market Summary: The Market breadth closed negative (0.70x) The bull successfully pulled the market sentiments from negative territory as it rose 0.95% from -0.14% recorded yesterday. This performance is largely traceable to a 1.79% return in premium board index as 5 of 7 counters listed in this category closed in green topped by DANGCEM (2.5%) and ZENITH (1.57%), while the main board counters added 0.23% to the market uptrend to close at 1452.7. Money Market Rates Price %Δ Overnight rate 26.50-17.83 Open Buy Back 24.14-15.77 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 80.41 81.37 1.19 Gold 1226.73 1228.4 0.14 Silver 14.73 14.74 0.07 Platinum 841.55 841.35-0.02 Copper 280.8 277.8-1.07 The Year-to-Date return also got 81 basis p0ints lift from -15.25% recorded yesterday to -14.44% upon increase in the market index from 32,413 to 32,722.18. Similarly, the total equity market capitalization added N112.88billion to close at N11.946trillion as against N11.833trillion. In the same vein, the total turnover volume and value traded advanced by 624.27% and 452.82% to end the trading day at 662.02milion (near two- month high) and N5.312billion. In addition, the total deals executed added 19.61% or 496 to close at 3,025 from 2,529. Review of Sectoral Performance Going forward, 3 of 5 sectors under review closed in positive territory due to appreciation in the counters of the bellwether counters. Furthermore, consumer goods sector topped the positive performers at 1.17%, coming on the back on increase in prices of 5 counters; UNILEVER (5.58%), CADBURY (3.16%), NB (3.14%), DANGFLOUR (1.27%) and GUINNESS(0.64%).
s Daily Equities Market Recap Banking and industrial sector indexes rose 0.13% and 0.22% to end at 415.45 and 1502.50 respectively. The positive returns in these sectors were on the back of appreciation in 6 counters, topped by FBNH (3.35%), JAIZBANK (2.0%) and ZENITH (1.57%), while industrial index upturn was owed to CUTIX (9.73%) and DANGCEM (2.5%) counters prices uptick. On the flip side, oil/gas and insurance indexes were subdued by the negative sentiment across its counters, down by -1.30% and -0.45% respectively consequent on decline in JAPAULOIL (-8.7%), OANDO (-3.85%), SEPLAT(-1.59%), NIGERINS(- 9.09%), UNIVINSURE(-8.7%) and HMARKINS(-6.67%). Movement of NSEASI(Year-to-Date) Source: NSE, MorganCapital Research NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index 32413.48 32722.18 0.95 0.82-0.13-14.44 NSE Banking Sector Index 414.89 415.45 0.13 0.85 1.02-12.62 NSE Industrial Goods Index 1499.27 1502.50 0.22-1.69-1.71-23.95 NSE Consumer Goods Index 744.98 753.70 1.17 0.43-0.61-22.78 NSE Oil & Gas Index 291.01 287.23-1.30-0.40-0.16-13.14 NSE Insurance Index 123.62 123.06-0.45 0.96-1.76-11.70
Investors Sentiment Daily Equities Market Recap Investors sentiment softened further, even though other indexes close in green. Hence, the market breadth declined to 0.69x from 0.89x with 16 gainers and 23 losers. Top Gainers Top Losers Ticker Close Change %Δ Ticker Price Change %Δ UAC- PROP 1.77 0.16 9.94 BETAGLAS 70.2-7.8-10 CUTIX 2.03 0.18 9.73 JBERGER 21.55-2.35-9.83 UNILEVER 43.5 2.3 5.58 NIGERINS 0.3-0.03-9.09 FBNH 9.25 0.3 3.35 JAPAULOIL 0.21-0.02-8.7 CADBURY 9.8 0.3 3.16 UNIVINSURE 0.21-0.02-8.7 Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ SUNUASSUR 15 500,116,498.00 199946.599 SEPLAT 16 2,179,739,924.00 464254.30 GUARANTY 221 41,827,005.00 606.249 GUARANTY 221 1,534,079,211.20 607.17 FIDELITYBK 153 20,282,016.00 193.609 DANGCEM 77 399,320,386.70 26725.60 ZENITHBANK 274 17,265,345.00 298.314 ZENITHBANK 274 389,059,089.85 298.57 FCMB 149 11,866,180.00-0.027 UNILEVER 27 149,673,038.40 953.55 Source: NSE, MorganCapital Research NASD OTC Performance PARAMETER Previous Current Daily (%) USI 702.51 703.4 0.13 Capitalization ( 'Bn) 488.26 488.88 0.13 Volume Traded 29,529.00 175030704 592641.73 Value Traded ( '000) 4,591.80 2321539.22 50458.37 Deals Executed 15 13-13.33
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.