January 14, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.18% to close at 29,283.15pts.
Similarly, market breadth index was negative with 23 losers against 13 gainers.
BETAGLAS (+9.67%) was the top gainer today while TOURIST (-10.00%) led the losers’ chart.
UNIONDAC (+5.00%) was the most actively traded stock with about 340million units of shares worth about N71million.
Sector Performance
· NSE Consumer Goods Index: Declined by 1.65%, on the back of the loss in NB (-8.83%).
· NSE Banking Index: Shed 1.07%, as result of the declines in FIDELITYBK (-6.67%), UBA (-5.17%), ZENITHBANK (-1.84%) and ACCESS (-0.47%).
· NSE Industrial Index: Lost 0.29%, due to the sell-offs in DANGCEM (-1.16%) and BUACEMENT (-0.13%).
· NSE Oil & Gas Index: Fell by 0.19%, on the back of the decline in OANDO (-3.80%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.50 | -0.47% | -2.78% |
2 | DANGCEM | 170.00 | -1.16% | -1.16% |
3 | FBNH | 7.00 | -3.45% | -8.50% |
4 | FIDELITYBK | 2.10 | -6.67% | -7.08% |
5 | GUARANTY | 31.60 | 0.32% | -1.10% |
6 | MTNN | 124.20 | -2.66% | 7.07% |
7 | UBA | 8.25 | -5.17% | -1.79% |
8 | SEPLAT | 588.00 | 0.00% | -0.25% |
9 | ZENITHBANK | 21.30 | -1.84% | -2.52% |
10 | OKOMUOIL | 66.00 | 0.00% | 0.00% |
The equities market closed down today as result of the profit taking 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.
