January 28, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.59% to close at 29,378.63pts.
Similarly, in today’s trade, market breadth index was negative with 23 losers against 9 gainers.
ABCTRANS (-9.76%) was the top loser today while JBERGER (+9.93%) led the gainers’ chart.
STANBIC (-2.35%) was the most actively traded stock with about 43million units of shares worth about N1.79billion.
Sector Performance
· NSE Banking Index: Lost 2.18%, due to the sell-offs in FIDELITYBK (-4.95%), UBA (-4.84%), UNITYBNK (-4.76%) and WEMABANK (-2.78%).
· NSE Industrial Index: Declined by 0.57%, due to the losses in WAPCO (-2.27%) and BUACEMENT (-0.53%).
· NSE Oil & Gas Index: Fell by 1.35%, on the back of the decline in ETERNA (-8.77%), TOTAL (-8.55%) and OANDO (-2.93%).
· NSE Consumer Goods Index: Dropped by 0.28%, as a result of the decrease in HONYFLOUR (-6.78%) and FLOURMILL (-5.79%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 10.00 | 0.00% | -2.44% |
2 | DANGCEM | 179.90 | 0.00% | 0.00% |
3 | FBNH | 7.05 | 0.71% | -3.42% |
4 | FIDELITYBK | 2.11 | -4.95% | -4.95% |
5 | GUARANTY | 31.00 | -3.43% | -3.43% |
6 | MTNN | 125.00 | 0.00% | 0.00% |
7 | UBA | 8.20 | -1.80% | -4.09% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 21.15 | -1.40% | -3.64% |
10 | OKOMUOIL | 68.00 | 0.00% | 3.03% |
The equities market closed down today as a result of the losses recorded in all 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.
