November 28, 2019/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI rose by 0.13% to close at 26,824.50pts.
Similarly, in today’s trade, market breadth index was positive with 19 gainers against 13 losers
CADBURY (+10.00%) was the top gainer while CILEASING (-9.85%) led the loser’s chart today.
LAWUNION (-1.52%) was the most actively traded stock with about 151million units of shares worth about N91million.
Sector Performance
· NSE Oil & Gas Index: Closed up by 0.68%, on the back of the increase in OANDO (+6.29%).
· NSE Banking Index: Gained 0.65%, as a result of the buy-interests in FBNH (+4.69%), ACCESS (+2.23%), UBA (+1.43%), STERLNBANK (+1.04%) and ZENITHBANK (+0.54%).
· NSE Consumer Goods Index: Shed 0.30%, due to the declines in CADBURY (-8.16%), UNILEVER (-1.84%) and DANGSUGAR (-0.68%).
· NSE Industrial Index: Fell by 0.14%, due to the loss recorded in DANGCEM (-0.42%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.15 | 2.23% | -8.96% |
2 | DANGCEM | 143.00 | -0.42% | -0.97% |
3 | FBNH | 6.80 | 4.62% | -9.33% |
4 | FIDELITYBK | 2.00 | 0.50% | 0.00% |
5 | GUARANTY | 30.05 | 0.50% | 2.21% |
6 | MTNN | 118.00 | 0.00% | -1.67% |
7 | UBA | 7.10 | 1.43% | -5.33% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.60 | 0.54% | -0.27% |
10 | OKOMUOIL | 49.65 | 0.00% | -9.73% |
The equities market closed up today as result of the gains recorded in Oil & Gas and Banking 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.
