December 31, 2019/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.87% to close at 26,842.07pts. However Market closed negative YTD 14.60%.
In today’s trade, market breadth index was positive with 24 gainers against 12 losers.
VITAFOAM (+10.00%) was the top gainer today while CUTIX (-8.28%) led the losers’ chart.
OMOMORBNK was the most actively traded stock with about 796million units of shares worth about N438million.
Sector Performance
· NSE Oil & Gas Index: Gained 6.71%, as a result of the increase in SEPLAT (+10.00%), ETERNA (+9.09%) and OANDO (+8.42%).
· NSE Industrial Index: Advanced by 2.17%, as a result of the gains in WAPCO (+9.29%) and DANGCEM (+0.35%).
· NSE Banking Index: Jumped 1.37%, due to the buy interests in WEMABANK (+5.71%), ACCESS (+2.56%), GUARANTY (+2.41%), ETI (+2.36%) and UBA (+0.70%).
· NSE Consumer Goods Index: Was down by 0.28%, as a result of the declines in DANGSUGAR (-1.45%) and NB (-1.26%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.00 | 2.56% | 0.50% |
2 | DANGCEM | 142.00 | 0.35% | 1.43% |
3 | FBNH | 6.15 | -3.15% | -1.60% |
4 | FIDELITYBK | 2.05 | -0.49% | -2.38% |
5 | GUARANTY | 29.70 | 2.41% | 2.41% |
6 | MTNN | 105.00 | 0.00% | 0.00% |
7 | UBA | 7.15 | 0.70% | 2.14% |
8 | SEPLAT | 657.80 | 10.00% | 19.67% |
9 | ZENITHBANK | 18.60 | 0.54% | 1.09% |
10 | OKOMUOIL | 55.60 | 1.09% | 1.09% |
The equities market closed up today as 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.
