December 24, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.09% to close at 26,092.82pts.
Similarly, in today’s trade, market breadth index was negative with 12 losers against 9 gainers.
LAWUNION (-9.09%) led the losers’ chart while UNILEVER (+9.65%) was the top gainer today.
LAWUNION (-9.09%) was the most actively traded stock with about 146million units of shares worth about N73million.
Sector Performance
· NSE Oil & Gas Index: Was up 0.31%, on the back of buy interests in OANDO (+2.78%) and CAVERTON (+3.52%).
· NSE Consumer Goods Index: Gained by 0.13%, due to the rise in UNILEVER (+9.65%) and CADBURY (+6.77%).
· NSE Banking Index: Inched up 0.04%, as a result of the gains in STERLNGBANK (+7.89%), ETI (+5.00%) and ACCESS (+2.06%).
· 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 | 2.06% | 3.13% |
2 | DANGCEM | 140.00 | 0.00% | 0.00% |
3 | FBNH | 5.95 | -0.83% | -8.46% |
4 | FIDELITYBK | 2.10 | 0.00% | -2.33% |
5 | GUARANTY | 29.00 | -1.19% | -2.03% |
6 | MTNN | 105.00 | 0.00% | -6.67% |
7 | UBA | 6.75 | 0.00% | -2.17% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.15 | -0.82% | -0.82% |
10 | OKOMUOIL | 55.00 | 0.00% | 0.00% |
The equities market closed down today as result of the losses recorded in some Insurance names. 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.
