December 24, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.55% to close at 26,115.80pts.
However, in today’s trade, market breadth index was positive with 16 gainers against 14 losers.
CORNERST (-9.52%) led the losers’ chart while AGLEVENT (+10.00%) was the top gainer today.
UBA (-2.17%) was the most actively traded stock with about 32million units of shares worth about N216million.
Sector Performance
· NSE Banking Index: Was down by 0.82%, as a result of the declines in ETI (-9.09%), FIDELITYBK (-2.23%), UBA (-2.17%), WEMABANK (-1.43%) and GUARANTY (-0.84%).
· NSE Industrial Index: Fell by 0.31%, on the back of the sell-offs in WAPCO (-1.08%) and CCNN (-2.95%).
· NSE Consumer Goods Index: Closed down by 0.18%, due to the loss in DANGSUGAR (-3.02%).
· NSE Oil & Gas Index: Was up 0.62%, on the back of buy interests in JAPAULOIL (+10.00%), OANDO (+5.88%) and CAVERTON (+0.39%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.70 | 1.04% | 1.04% |
2 | DANGCEM | 140.00 | 0.00% | 0.00% |
3 | FBNH | 6.00 | -7.69% | -7.69% |
4 | FIDELITYBK | 2.10 | -2.33% | -2.33% |
5 | GUARANTY | 29.35 | -0.84% | -0.84% |
6 | MTNN | 105.00 | -6.67% | -6.67% |
7 | UBA | 6.75 | -2.17% | -2.17% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.30 | 0.00% | 0.00% |
10 | OKOMUOIL | 55.00 | 0.00% | 0.00% |
The equities market closed down today as result of the losses recorded in the most sectors and MTN. 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.
