January 8, 2020/InvestmentOne Report
Please click to download the Market Report for Wednesday 8th January 2020
The Nigerian equities market closed positive today as NSE-ASI gained 3.54% to close at 27,562.48pts.
In today’s trade, market breadth index was positive with 37 gainers against 10 losers.
FBNH (+10.00%) was the top gainer today while TRIPPLEG (-9.38%) led the losers’ chart.
UBA (+4.73%) was the most actively traded stock with about 156million units of shares worth about N1.40billion.
Sector Performance
· NSE Industrial Index: Gained by 6.07%, due to the rise in DANGCEM (+9.33%) and WAPCO (+5.69%).
· NSE Banking Index: Advanced by 3.87%, due to the buy interests UBN (+9.48%), FIDELITY (+8.22%), ETI (+5.26%), UBA (+4.73%), ZENITHBANK (+3.81%) and GUARANTY (+2.46%).
· NSE Consumer Goods Index: Rose by 0.36%, on the back of buy interest in HONYFLOUR (+8.91%), FLOURMILL (+8.84%), PZ (+4.46%) and NASON (+3.79%).
· NSE Oil & Gas Index: Inched up by 0.17%, on the back of the gains in CONOIL (+9.74%), CAVERTON (+8.61%) and OANDO (+1.30%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 11.60 | 3.57% | 14.29% |
2 | DANGCEM | 164.00 | 9.33% | 15.49% |
3 | FBNH | 7.70 | 10.00% | 16.67% |
4 | FIDELITYBK | 2.37 | 8.22% | 13.94% |
5 | GUARANTY | 31.25 | 2.46% | 3.82% |
6 | MTNN | 109.50 | 1.77% | 0.46% |
7 | UBA | 8.85 | 4.73% | 18.00% |
8 | SEPLAT | 589.50 | 0.00% | -0.44% |
9 | ZENITHBANK | 21.80 | 3.81% | 13.25% |
10 | OKOMUOIL | 60.00 | 6.19% | 6.19% |
The equities market closed up today as result of the gains recorded in all 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.
Below are key NSE statistics as at the end of trades:
Current | 28,562.48 | Mkt Cap (N’tr) | 13.79 | |
Previous | 27,586.93 | Vol. Traded (m) | 742 | |
Day Change | 3.54% | Vol. Day Chng. | 66% | |
WTD Return | 5.91% | Val. Traded (N’bn) | 9.22 | |
MTD Return | 6.41% | Val. Day Chng. | 58% | |
YTD Return | 6.41% | No. of Deals | 7,622 | |
YTD High | 28,562.48 | No. of Gainers | 37 | |
YTD Low | 26,842.07 | No. of Losers | 10 | |
52wk High | 32,715.20 | Top Sub Sect. (by Vol.) | BNK (61%) | |
52wk Low | 26,092.82 | Top Sub Sect. (by Val.) | BNK (43%) |
