December 18, 2019/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.02% to close at 26,655.99pts.
Similarly, in today’s trade, market breadth index was positive with 18 gainers against 17 losers.
IKEJAHOTEL (+9.80%) led the gainers’ chart while UAC-PROP (-10.00%) was the top loser today.
ACCESS (-1.00%) was the most actively traded stock with about 64million units of shares worth about N636million.
Sector Performance
· NSE Consumer Goods Index: Inched up 0.11% , on the back of the gains in CADBURY (+7.58%) and PZ (+4.35%).
· NSE Banking Index: Declined by 0.44%, on the back of buy interests in WEMABANK (-5.41%), JAIZBANK (-4.41%), FCMB (-2.70%), UBA (-2.08%) and ZENITHBANK (-1.70%).
· NSE Oil & Gas Index: Closed Flat.
· NSE Industrial Index: Closed Flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.90 | -1.00% | 5.32% |
2 | DANGCEM | 140.00 | 0.00% | 0.00% |
3 | FBNH | 6.40 | 1.59% | -1.54% |
4 | FIDELITYBK | 2.08 | -0.95% | 0.00% |
5 | GUARANTY | 29.50 | -0.17% | 1.03% |
6 | MTNN | 115.30 | 0.00% | 0.00% |
7 | UBA | 7.05 | -2.08% | 6.82% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.50 | -1.07% | -1.33% |
10 | OKOMUOIL | 55.00 | 0.92% | 0.92% |
The equities market closed up today as result of the gains recorded in the Consumer Goods sector. 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.
