December 5, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI fell by 0.09% to close at 26,913.70pts.
Similarly, in today’s trade, market breadth index was negative with 19 losers against 8 gainers.
CORNERST (-10.00%) led the losers’ chat while CHAMS (+9.09%) was the top gainer today.
UACN (+6.62%) was the most actively traded stock with about 40million units of shares worth about 316million.
Sector Performance
· NSE Banking Index: Fell by 0.67%, due to the losses in WEMABANK (-2.82%), ACCESS (-2.69%), STERLNBANK (-1.04%) and UBA (-0.72%).
· NSE Oil & Gas Index: Was down by 0.03%, as a result of the decline in OANDO (-0.28%).
· NSE Consumer Goods Index: Closed up by 0.69%, on the back of the buy interests in DANGSUGAR (+8.03%) and NB (+0.29%).
· NSE Industrial Index: Rose by 0.01%, as a result of the gain in CUTIX (+4.05%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.05 | -2.69% | -2.16% |
2 | DANGCEM | 143.00 | 0.00% | 0.14% |
3 | FBNH | 6.65 | -2.21% | -0.75% |
4 | FIDELITYBK | 2.04 | 0.99% | -0.49% |
5 | GUARANTY | 30.10 | -0.50% | -1.15% |
6 | MTNN | 119.00 | 0.00% | -0.83% |
7 | UBA | 6.90 | -0.72% | -2.13% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.70 | 0.00% | 0.54% |
10 | OKOMUOIL | 54.50 | 0.00% | 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.
