December 27, 2019/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 1.25% to close at 26,416.48pts.
Similarly, in today’s trade, market breadth index was positive with 23 gainers against 9 losers.
NEM (+10.00%) was the top gainer today while MAYBAKER (-9.81%) led the losers’ chart.
ACCESS (+0.51%) was the most actively traded stock with about 42million units of shares worth about N418million.
Sector Performance
· NSE Consumer Goods Index: Jumped 4.81%, due to the buy interests in NESTLE (+10.00%), UACN (+5.56%), NASCON (+3.20%) and DANGSUGAR (+1.10%).
· NSE Banking Index: Advanced by 0.53%, as a result of the gains in UBA (+3.70%), ZENITHBANK (+1.38%), ETI (+0.79%) and ACCESS (+0.51%).
· NSE Oil & Gas Index: Declined by 0.21%, on the back of the losses in JAPAULOIL (-4.55%) and OANDO (-1.89%).
· NSE Industrial Index: Closed flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.95 | 0.51% | 3.65% |
2 | DANGCEM | 140.00 | 0.00% | 0.00% |
3 | FBNH | 6.25 | 5.04% | -3.85% |
4 | FIDELITYBK | 2.10 | 0.00% | -2.33% |
5 | GUARANTY | 29.00 | 0.00% | -2.03% |
6 | MTNN | 105.00 | 0.00% | -6.67% |
7 | UBA | 7.00 | 3.70% | 1.45% |
8 | SEPLAT | 549.70 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.40 | 1.38% | 0.55% |
10 | OKOMUOIL | 55.00 | 0.00% | 0.00% |
The equities market closed up today as a result of the gains recorded in most sectors. 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.
