December 19, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.30% to close at 26,584.45pts.
However, in today’s trade, market breadth index was positive with 14 gainers against 10 losers.
GLAXOSMITH (+9.52%) led the gainers’ chart while CORNERST (-9.80%) was the top loser today.
ACCESS (-1.01%) was the most actively traded stock with about 148million units of shares worth about N1.43billion.
Sector Performance
· NSE Consumer Goods Index: Declined by 0.05% , due to losses in HONYFLOUR (-1.96%) and INTBREW (-1.05%).
· NSE Banking Index: Rose up 0.55%, on the back of buy interests in WEMABANK (+7.14%), FIDELITYBK (+5.77%), GUARANTY (+1.69%) and UNITYBNK (+1.52%).
· NSE Oil & Gas Index: Advanced by 0.19%, as a result of gain OANDO (+1.62%).
· NSE Industrial Index: Closed Flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.80 | -1.01% | 4.26% |
2 | DANGCEM | 140.00 | 0.00% | 0.00% |
3 | FBNH | 6.45 | 0.78% | -0.77% |
4 | FIDELITYBK | 2.20 | 5.77% | 5.77% |
5 | GUARANTY | 30.00 | 1.69% | 2.74% |
6 | MTNN | 112.50 | -2.43% | -2.43% |
7 | UBA | 7.00 | -0.71% | 6.06% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.50 | 0.00% | -1.33% |
10 | OKOMUOIL | 55.00 | 0.00% | 0.92% |
The equities market closed down today as result of the losses recorded in the Consumer Goods sector and MTNN. 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.
