Daily Equities Market update Profit taking takes Equities market down by -0.87% Brent price declines to $79.99pb NASD OTC breaks uptrend, shed -0.96% October 17, 2018
Daily Market Summary: The Market breadth closed negative (0.50x) Intense sell-off pressure seen in the market today broke the gains in big name counters recorded previously as investors begin to consider portfolio rebalancing in reaction to Q3 2018 financials. This, however, suppressed the market in the water to close at -0.87% from 0.95% upon losses in all the Premium board counters topped by DANGCEM (-2.44%), FBNH (-1.62%) and UBA(- 1.22%). Coming on the performance, Year-todate slipped further in dip to -15.44% from - 14.44% as equity market capitalization lost 92.12% or N103.98bn of the gain recorded yesterday (N112.88billion) to end at N11.842trillion from N11.946trillion. Money Market Rates Price %Δ Overnight rate 24.79-1.71 Open Buy Back 22.67-1.48 Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) 81.37 79.99-1.70 Gold 1228.4 1226.17-0.18 Silver 14.74 14.7-0.27 Platinum 841.35 837.64-0.44 Copper 277.8 277.85 0.02 That said, the total turnover volume dropped by -63.63% to close at 240.76million from 662.02million, while total traded stocks by value slipped -31.12% to N3.66billion from N5.31billion, just as deals executed also shed - 1.69% to end at 2,974 down from 3,025. Review of Sectoral Performance All sectors trended down saved insurance sector which was immune from the bears to close at 1.48% consequent upon gains in its 5 counters topped by SUNUASSUR (10.0%), CONTINSURE (9.63%) and AFRIPRUD(5.0%). On the negative sector, industrial sector index was the hardest hit as it plunged -1.59% to end at 1478.62 due to negative sentiments in CAP(- 6.21%) and DANGCEM(-2.44%), although CUTIX leaped above the bearish prey by 8.37%.
s Furthermore, Banking sector index dropped -0.19% to 414.67 as a result of losses in its bellwether counters topped by FIDELITYBK (-4.74%), DIAMONDBNK (-1.64%) and FBNH (- 1.62%). Similarly, Oil and gas and consumer goods indexes shed -0.18% and -0.14% respectively. These returns were not away from the shortfalls in SEPLAT (-0.81%), FO (- 0.45%) and NB (-0.56%) 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 32722.18 32437.35-0.87-0.06-1.00-15.18 NSE Banking Sector Index 415.45 414.67-0.19 0.67 0.83-12.78 NSE Industrial Goods Index 1502.50 1478.62-1.59-3.26-3.28-25.16 NSE Consumer Goods Index 753.70 752.68-0.14 0.29-0.75-22.89 NSE Oil & Gas Index 287.23 286.71-0.18-0.58-0.34-13.30 NSE Insurance Index 123.06 124.88 1.48 2.45-0.31-10.40
Investors Sentiment Investors sentiment remained under the bear territory as its dragged 22 counters in red as against 11 counters rescued in green. Thus, the market breadth declined further to 0.50x from 0.69x. Top Gainers Top Losers Ticker Close Change %Δ Ticker Price Change %Δ SUNUASSUR 0.22 0.02 10 PHARMDEKO 1.71-0.19-10 CONTINSURE 1.48 0.13 9.63 UACN 10-1 -9.09 CUTIX 2.2 0.17 8.37 LAWUNION 0.47-0.04-7.84 AFRIPRUD 4.2 0.2 5 NIGERINS 0.28-0.02-6.67 WAPIC 0.43 0.02 4.88 CAP 30.95-2.05-6.21 Top Traded Volume Top Traded Value Ticker Deal Volume %Δ Ticker Deal Value %Δ ZENITHBANK 247 87053446 404.21 ZENITHBANK 247 1,976,019,139.50 407.90 UBA 179 68370056 10334.88 UBA 179 560,357,330.90 10353.99 FIDELITYBK 153 15933645-21.44 DANGCEM 77 457,385,914.60 14.54 STERLNBANK 273 12985418 953.76 GUARANTY 162 236,639,470.50-84.57 GUARANTY 162 6447464-84.59 SEPLAT 30 88,977,385.00-95.92 Source: NSE, MorganCapital Research NASD OTC Performance PARAMETER Previous Current Daily (%) USI 703.4 696.65-0.96 Capitalization ( 'Bn) 488.88 484.19-0.96 Volume Traded 175030704 602660-99.66 Value Traded ( '000) 2321539.2 14182.68-99.39 Deals Executed 13 22 69.23
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