December 9, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI fell by 0.65% to close at 26,681.31pts.
Similarly, in today’s trade, market breadth index was negative with 28 losers against 5 gainers.
BERGER (-10.00%) led the losers’ chart while MANSARD (+9.09%) was the top gainer today.
ZENITHBANK (-0.54%) was the most actively traded stock with about 24million units of shares worth about 450million.
Sector Performance
· NSE Banking Index: Fell by 1.94%, due to the losses in ETI(-7.14%), GUARANTY (-3.01%), UBA (-2.99%), FCMB (-2.75%) and ACCESS (-1.08%).
· NSE Industrial Index: Was down by 1.12%, as a result of the declines in BERGER (-10.00%), CUTIX (-3.25%), CCNN (-2.08%), WAPCO (-1.81%) and DANGCEM (-0.49%).
· NSE Consumer Goods Index: Closed down by 0.13%, on the back of the sell-offs in CADBURY (-8.59%), PZ (-4.76%) and HONYFLOUR (-1.96%).
· NSE Oil & Gas Index: Lost 0.03%, due to fall in JAPAULOIL (-4.76%) and OANDO (-0.28%)
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.15 | -1.08% | -1.08% |
2 | DANGCEM | 142.00 | -0.49% | -0.49% |
3 | FBNH | 6.40 | -3.76% | -3.76% |
4 | FIDELITYBK | 2.04 | 0.99% | 0.99% |
5 | GUARANTY | 29.00 | -3.01% | -3.01% |
6 | MTNN | 118.00 | 0.00% | 0.00% |
7 | UBA | 6.50 | -2.99% | -2.99% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.50 | -0.54% | -0.54% |
10 | OKOMUOIL | 54.50 | 0.00% | 0.00% |
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.
