January 22, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.02% to close at 29,458.21pts.
Similarly, market breadth index was negative with 17 losers against 15 gainers.
JBERGER (-6.76%) led the losers’ chart while LAWUNION (+10.00%) was the top gainer today.
AUSTINLAZ (-2.87%) was the most actively traded stock with about 85million units of shares worth about N174million.
Sector Performance
· NSE Consumer Goods Index: Fell by 0.22%, on the back of the decline in FLOURMILL (-3.62%).
· NSE Banking Index: Increased by 3.58%, due to increments in JAIZBANK (+3.03%), UBA (+2.94%), UBN (+2.48%), STERLNBANK (+1.06%) and FCMB (+1.04%).
· NSE Industrial Index: Gained 0.41%, due to the buy interest in BUACEMENT (+1.51%).
· NSE Oil & Gas Index: Inched up by 0.36%, on the back of the gain in OANDO (+2.78%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.10 | 0.50% | -6.48% |
2 | DANGCEM | 172.80 | -0.12% | -1.26% |
3 | FBNH | 7.50 | 0.00% | 2.04% |
4 | FIDELITYBK | 2.20 | -1.79% | -1.35% |
5 | GUARANTY | 32.20 | 0.00% | -3.88% |
6 | MTNN | 128.20 | -0.23% | 1.26% |
7 | UBA | 8.75 | 2.94% | -0.57% |
8 | SEPLAT | 588.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 22.00 | -1.57% | -1.35% |
10 | OKOMUOIL | 66.00 | 0.00% | 0.00% |
The equities market closed down today as a result of the losses recorded in MTNN (-0.23%) and DANGCEM (-0.12%). 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.
