November 25, 2019/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI increased by 0.16% to close at 27,035.78pts.
Similarly, in today’s trade, market breadth index was positive with 20 gainers against 16 losers.
LAWUNION (+10.00%) was the top gainer while OKOMUOIL (-9.73%) led the loser’s chart today.
ZENITHBANK (-0.27%) was the most actively traded stock with about 42million units of shares worth about N798million.
Sector Performance
· NSE Consumer Goods Index: Closed up by 2.73%, due to the rise in CADBURY (+8.89%), DANGSUGAR (+8.24%) and NESTLE(+6.12%).
· NSE Industrial Index: Fell by 0.49%, due to the loss recorded in WAPCO (-2.10%).
· NSE Banking Index: Lost 0.32%, as a result of the sell-offs in FBNH (-7.33%), FCMB (-3.35%), ACCESS (-2.49%), UBA (-2.00%), STERLNBANK (-1.96%) and ZENITHBANK (-0.27%).
· NSE Oil & Gas Index: Was down by 0.12%, on the back of the decline in OANDO (-1.03%).
Performance of key stocks
S/N | Stock | Current Price | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.80 | -2.49% | -2.49% |
2 | DANGCEM | 144.40 | 0.00% | 0.00% |
3 | FBNH | 6.95 | 7.33% | -7.33% |
4 | FIDELITY | 2.03 | +1.50% | +1.50% |
5 | GTB | 29.60 | +0.68% | +0.68% |
6 | MTNN | 120.00 | 0.00% | 0.00% |
7 | UBA | 7.35 | -2.00% | -2.00% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITH | 18.60 | -0.27% | -0.27% |
10 | OKOMUOIL | 49.65 | -9.73% | -9.73% |
The equities market closed up today as result of the gains recorded in Consumer Goods sector. 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.
