January 15, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.75% to close at 29,062.50pts.
Similarly, market breadth index was negative with 17 losers against 11 gainers.
BETAGLAS (+10.00%) was the top gainer today while LIVESTOCK (-9.09%) led the losers’ chart.
MORISON was the most actively traded stock with about 126million units of shares worth about N57million.
Sector Performance
· NSE Industrial Index: Lost 1.30%, due to the sell-off in BUACEMENT (-2.44%).
· NSE Consumer Goods Index: Declined by 0.21%, on the back of the losses in UACN (-3.17%), DANGSUGAR (-2.03%) and INTBREW (-1.09%).
· NSE Banking Index: Shed 0.21%, as result of the declines in STERLNBANK (-3.16%), ACCESS (-2.86%) and WEMABANK (-2.74%).
· NSE Oil & Gas Index: Fell by 0.11%, as a result of the loss in OANDO (-3.95%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.20 | -2.86% | -5.56% |
2 | DANGCEM | 170.00 | 0.00% | -1.16% |
3 | FBNH | 7.00 | 0.00% | -8.50% |
4 | FIDELITYBK | 2.18 | 3.81% | -3.54% |
5 | GUARANTY | 31.80 | 0.63% | -0.47% |
6 | MTNN | 120.50 | -2.98% | 3.88% |
7 | UBA | 8.50 | 3.03% | 1.19% |
8 | SEPLAT | 588.00 | 0.00% | -0.25% |
9 | ZENITHBANK | 21.35 | 0.23% | -2.29% |
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.
