January 9, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 2.92% to close at 29,395.57pts.
In today’s trade, market breadth index was positive with 23 gainers against 20 losers.
CHAMPION (+10.00%) was the top gainer today while UNITYBNK (-10.00%) led the losers’ chart.
WAPIC (+8.57%) was the most actively traded stock with about 190million units of shares worth about N68million.
Sector Performance
· NSE Industrial Index: Jumped 7.98%, due to the rise in BUACEMENT (+9.86%), DANGCEM (+6.71%) and WAPCO (+3.70%).
· NSE Banking Index: Shed 0.39%, due to the declines UBA (-5.65%), ACCESS (-5.60%), FIDELITYBK (-4.64%) and UBN (-3.15%).
· NSE Consumer Goods Index: Declined by 0.21%, on the back of sell-offs in UNILEVER (-3.06%), HONYFLOUR (-2.73%) and FLOURMILL (-1.71%).
· NSE Oil & Gas Index: Lost 0.07%, on the back of the fall in OANDO (-0.51%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.95 | -5.60% | 7.88% |
2 | DANGCEM | 175.00 | 6.71% | 23.24% |
3 | FBNH | 7.65 | -0.65% | 15.91% |
4 | FIDELITYBK | 2.26 | -4.64% | 8.65% |
5 | GUARANTY | 32.55 | 4.16% | 8.14% |
6 | MTNN | 116.00 | 5.94% | 6.42% |
7 | UBA | 8.35 | -5.65% | 11.33% |
8 | SEPLAT | 589.50 | 0.00% | -0.44% |
9 | ZENITHBANK | 22.00 | 0.92% | 14.29% |
10 | OKOMUOIL | 60.00 | 0.00% | 6.19% |
The equities market closed up today as result of the gains recorded in Industrial sectors and 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.
