December 13, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI declined by 0.13% to close at 26,536.21pts. Consequently, WtD performance printed at –1.19%.
However, in today’s trade, market breadth index was positive with 20 gainers against 12 losers.
AGLEVENT (+8.33%) led the gainers’ chart while GLAXOSMITH (-9.48%) was the top loser today.
UBA (-3.56%) was the most actively traded stock with about 43million units of shares worth about N285million.
Sector Performance
· NSE Oil & Gas Index: Declined by 0.55%, on the back of the losses in OANDO (-4.74%) and CAVERTON (-3.92%).
· NSE Banking Index: Rose by 0.99%, on the back of buy interests in JAIZBANK (+6.35%), ETI (+5.34%), UBN (+3.17%), WEMABANK (+3.08%) and ACCESS (+1.62%).
· NSE Industrial Index: Gained by 0.71% due to the rise in WAPCO (+3.33%).
· NSE Consumer Goods Index: Was up 0.38% , as a result of the gains in PZ (+5.00%) and DANGSUGAR (+3.44%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.40 | 1.08% | 1.62% |
2 | DANGCEM | 140.00 | 0.00% | -1.89% |
3 | FBNH | 6.50 | 4.84% | -2.26% |
4 | FIDELITYBK | 2.08 | 4.00% | 2.97% |
5 | GUARANTY | 29.20 | 4.29% | -2.34% |
6 | MTNN | 115.30 | -2.29% | -2.29% |
7 | UBA | 6.60 | -2.22% | -1.49% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.75 | 1.35% | 0.81% |
10 | OKOMUOIL | 54.50 | 0.00% | 0.00% |
The equities market closed down today as result of the losses recorded in the Oil & Gas sector and MTNN (-2.29%). 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.
