November 26, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI decreased by 0.56% to close at 26,883.33pts.
In today’s trade, market breadth index was flat with 17 losers against 17 gainers
AIICO (-9.09%) led the loser’s chart today while REGALINS (+10.00%) was the top gainer.
UCAP (+1.70%) was the most actively traded stock with about 25million units of shares worth about N60million.
Sector Performance
· NSE Banking Index: Lost 1.20%, as a result of the sell-offs in ACCESS (-5.10%), UNITYBNK (-4.41%), UBA (-4.08%), FIDELITYBK (-1.48%) and ZENITHBANK (-1.34%)
· NSE Industrial Index: Fell by 0.11%, due to the loss recorded in DANGCEM (-0.28%).
· NSE Consumer Goods Index: Closed up by 0.38%, due to the gains in DANGSUGAR (+5.80%), FLOURMILL (+1.96%), HONYFLOUR (+0.98%) and NB (+0.79%).
· NSE Oil & Gas Index: Closed flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.30 | -5.10% | -4.11% |
2 | DANGCEM | 144.00 | -0.28% | -0.07% |
3 | FBNH | 6.95 | 0.00% | 0.00% |
4 | FIDELITY | 2.00 | -1.48% | -2.83% |
5 | GTB | 29.80 | +0.68% | +0.34% |
6 | MTNN | 118.00 | -1.67% | -1.67% |
7 | UBA | 7.05 | -4.08% | -2.76% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITH | 18.35 | -1.34% | -1.61% |
10 | OKOMUOIL | 49.65 | 0.00% | -10.00% |
The equities market closed down today as result of the losses recorded in Banking and Industrial 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.
