January 21, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.83% to close at 29,462.76pts.
Similarly, market breadth index was negative with 17 losers against 15 gainers.
ARBICO (-9.97%) led the losers’ chart while LAWUNION (+9.09%) was the top gainer today.
ZENITHBANK (-1.76%) was the most actively traded stock with about 58million units of shares worth about N1.31billion.
Sector Performance
· NSE Banking Index: Fell by 3.58%, on the back of the declines in ACCESS (-6.51%), GUARANTY (-5.29%), FCMB (-4.46%), JAIZBANK (-4.35%) and UBA (-3.95%).
· NSE Industrial Index: Lost 0.45%, due to the sell-offs in BUACEMENT (-1.49%) and DANGCEM (-1.14%).
· NSE Consumer Goods Index: Inched up by 0.34%, due to increments in HONYFLOUR (+4.85%) and NB (+1.76%).
· NSE Oil & Gas Index: Increased by 0.29%, on the back of the gain in OANDO (+2.27%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.05 | -6.51% | -6.94% |
2 | DANGCEM | 173.00 | -1.14% | -1.14% |
3 | FBNH | 7.50 | 0.00% | 2.04% |
4 | FIDELITYBK | 2.24 | 0.00% | 0.45% |
5 | GUARANTY | 32.20 | -5.29% | -3.88% |
6 | MTNN | 128.50 | 0.16% | 1.50% |
7 | UBA | 8.50 | -3.95% | -3.41% |
8 | SEPLAT | 588.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 22.35 | -1.76% | 0.22% |
10 | OKOMUOIL | 66.00 | 0.00% | 0.00% |
The equities market closed down today as a result of the losses recorded in Banking and Industrial 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.
