January 16, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 1.00% to close at 29,352.13pts.
Similarly, market breadth index was positive with 23 gainers against 15 losers.
LIVESTOCK (+10.00%) was the top gainer today while BOCGAS (-10.00%) led the losers’ chart.
ACCESS (+1.47%) was the most actively traded stock with about 75million units of shares worth about N771million.
Sector Performance
· NSE Banking Index: Rose by 2.19%, on the back of gains in UBA (+4.71%), ETI (+4.17%), FCMB (+3.65%), STERLNBK (+3.26%)and FIDELITY (+2.75%).
· NSE Oil & Gas Index: Gained by 0.97%, due to the rise in FO (+8.42%) and OANDO (+2.74%).
· NSE Consumer Goods Index: Advanced by 0.21%, due to the buy interests in UNILEVER (+4.44%), VITAFOAM (+1.64%) and DANGSUGAR (+1.03%).
· NSE Industrial Index: Lost 1.54%, due to the sell-offs in BUACEMENT (-5.26%) and CUTIX (-4.90%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.35 | 1.47% | -4.17% |
2 | DANGCEM | 175.00 | 2.94% | 1.74% |
3 | FBNH | 7.40 | 5.71% | -3.27% |
4 | FIDELITYBK | 2.24 | 2.75% | -0.88% |
5 | GUARANTY | 32.35 | 1.73% | 1.25% |
6 | MTNN | 123.00 | 2.07% | 6.03% |
7 | UBA | 8.90 | 4.71% | 5.95% |
8 | SEPLAT | 588.00 | 0.00% | -0.25% |
9 | ZENITHBANK | 21.80 | 2.11% | -0.23% |
10 | OKOMUOIL | 66.00 | 0.00% | 0.00% |
The equities market closed up today as result of the gains recorded 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.
