November 27, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI decreased by 0.35% to close at 26,790.10pts.
Similarly, in today’s trade, market breadth index was negative with 26 losers against 19 gainers
CHIPLC (-10.00%) led the loser’s chart today while AGLEVENT (+10.00%) was the top gainer.
TRANSCORP (-0.98%) was the most actively traded stock with about 26million units of shares worth about N27million.
Sector Performance
· NSE Oil & Gas Index: Was down 1.07%, on the back of the loss in OANDO (-9.09%).
· NSE Consumer Goods Index: Closed down by 0.20%, due to the declines in CADBURY (-8.16%), UNILEVER (-1.84%) and DANGSUGAR (-0.68%).
· NSE Banking Index: Lost 0.49%, as a result of the sell-offs in JAIZBANK (-8.00%), FBNH (-6.47%), ACCESS (-3.76%), STERLNBANK (-3.50%) and WEMABANK (-1.37%)
· NSE Industrial Index: Fell by 0.08%, due to the loss recorded in DANGCEM (-0.28%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 8.95 | -3.76% | -4.75% |
2 | DANGCEM | 143.60 | -0.28% | -0.07% |
3 | FBNH | 6.50 | -6.47% | -6.47% |
4 | FIDELITY | 1.99 | -0.50% | -3.81% |
5 | GTB | 29.90 | +0.34% | +0.68% |
6 | MTNN | 118.00 | 0.00% | 0.00% |
7 | UBA | 7.00 | -0.71% | -2.76% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITH | 18.50 | +0.82% | -0.98% |
10 | OKOMUOIL | 49.65 | 0.00% | -10.00% |
The equities market closed down today as result of the losses recorded in all 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.
