December 4, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI fell by 0.02% to close at 26,938.58pts.
However, in today’s trade, market breadth index was positive with 16 gainers against 13 losers.
STERLNBANK (-6.34%) led the losers’ chat while JAPAULOIL (+10.00%) was the top gainer today.
ZENITHBANK (-0.53%) was the most actively traded stock with about 16million units of shares worth about 297million.
Sector Performance
· NSE Banking Index: Fell by 0.45%, due to the losses in STERLNBANK (-6.34%), FCMB (-3.23%), UBA (-1.42%), WEMABANK (-1.39%) and ZENITHBANK (-0.53%).
· NSE Oil & Gas Index: Was down by 0.24%, as a result of the decline in OANDO (-2.16%)
· NSE Industrial Index: Rose by 0.34%, as a result of the gain in WAPCO (+0.36%).
· NSE Consumer Goods Index: Closed up by 0.15%, on the back of the buy interests in UNILEVER (+2.44%) and INTBREW (+1.00%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.30 | 0.00% | 0.54% |
2 | DANGCEM | 143.00 | 0.00% | 0.14% |
3 | FBNH | 6.80 | 1.49% | 1.49% |
4 | FIDELITYBK | 2.02 | 0.50% | -1.46% |
5 | GUARANTY | 30.25 | -0.17% | -0.66% |
6 | MTNN | 119.00 | 0.00% | -0.83% |
7 | UBA | 6.95 | -1.42% | -1.42% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.70 | -0.53% | 0.54% |
10 | OKOMUOIL | 54.50 | -0.09% | 9.77% |
The equities market closed down today as result of the losses recorded in Banking and Oil & Gas 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.
