January 2, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.10% to close at 26,867.79pts.
In today’s trade, market breadth index was positive with 21 gainers against 13 losers.
ROYALEX (+10.00%) was the top gainer today while SEPLAT (-9.99%) led the losers’ chart.
FBNH (+5.69%) was the most actively traded stock with about 60million units of shares worth about N384million.
Sector Performance
· NSE Oil & Gas Index: Was down by 5.01%, as a result of the declines in SEPLAT (-9.99%) and FO (-0.55%).
· NSE Industrial Index: Fell by 2.26%, due to the loss in WAPCO (-9.80%).
· NSE Banking Index: Closed down by 0.39%, on the back of the sell-offs in WEMABANK (-8.11%), STERLNBANK (-4.52%), GUARANTY (-1.68%), FCMB (-1.62%) and FIDELITY (-1.46%).
· NSE Consumer Goods Index: Declined by 0.10%, due to the loss in UNILEVER (-5.91%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.10 | 1.00% | 1.51% |
2 | DANGCEM | 142.00 | 0.00% | 1.43% |
3 | FBNH | 6.50 | 5.69% | 4.00% |
4 | FIDELITYBK | 2.02 | -1.46% | -3.81% |
5 | GUARANTY | 29.20 | -1.68% | 0.69% |
6 | MTNN | 109.00 | 3.81% | 3.81% |
7 | UBA | 7.20 | 0.70% | 2.86% |
8 | SEPLAT | 592.10 | -9.99% | 7.71% |
9 | ZENITHBANK | 18.70 | 0.54% | 1.63% |
10 | OKOMUOIL | 55.60 | 0.00% | 1.09% |
The equities market closed up today as result of the gain recorded in 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.
