November 22, 2019/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI increased by 0.44% to close at 26,991.42pts. Similarly, the NSE-ASI closed up for the week gaining 0.52% WTD.
However, in today’s trade, market breadth index was negative with 14 gainers against 18 losers. OKOMUOIL (+10.00%) was the top gainer while JAIZBANK (-8.70%) led the loser’s chart today.
ACCESS (-0.99%) was the most actively traded stock with about 27million units of shares worth about N276million.
Sector Performance
· NSE Consumer Goods Index: Closed up by 3.31%, due to the rise in MCNICHOLS (+9.52%) and NESTLE (+8.70%).
· NSE Industrial Index: Rose by 0.98% due to the buy interest recorded in CCNN (+5.56%).
· NSE Oil & Gas Index: Was up by 0.48%, on the back of the gain in FO (+9.04%).
· NSE Banking Index: Lost 0.56%, as a result of the sell-offs in JAIZBANK (-8.70%), WEMABANK (-5.33%), FIDELITYBK (-4.31%), FCMB (-4.13%), ACCESS (-0.99%) and GUARANTY (-0.35%).
Performance of key stocks
S/N | Stock | Current Price | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.05 | -0.99% | -4.29% |
2 | DANGCEM | 144.40 | -0.35% | -0.35% |
3 | FBNH | 7.50 | 0.00% | +9.49% |
4 | FIDELITY | 2.00 | -4.31% | 0.00% |
5 | GTB | 29.40 | -0.34% | -1.38% |
6 | MTNN | 120.00 | 0.00% | -0.83% |
7 | UBA | 7.50 | -1.32% | -1.35% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITH | 18.65 | 0.27% | -1.06% |
10 | OKOMUOIL | 55.00 | 10.00% | +3.87% |
Market Insight
The equities market closed up today as result of the gains recorded in most sectors. We still maintain our view that investors should take positions in quality names with a medium to long time investment horizon as prices remain attractive at current levels.
