January 30, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.27% to close at 29,030.93pts.
Similarly, in today’s trade, market breadth index was negative with 21 losers against 10 gainers.
UACN (-10.00%) was the top loser today while CORNERST (+9.26%) led the gainers’ chart.
GUARANTY (+2.99%) was the most actively traded stock with about 76million units of shares worth about N2.72billion.
Sector Performance
· NSE Industrial Index: Declined by 2.11%, due to the losses in CUTIX (-1.41%), BUACEMENT (-2.26%) and WAPCO (-7.08%).
· NSE Oil & Gas Index: Lost 0.50%, due to the sell-offs in OANDO (-3.74%).
· NSE Consumer Goods Index: Dropped by 0.04%, as a result of the decrease in PZ (-3.42%) and HONEYFLOUR (-0.93%).
· NSE Banking Index: Rose by 0.55%, on the back of the gain in GUARANTY (+2.99%) and UNITYBANK (+6.67%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.65 | -1.53% | -5.85% |
2 | DANGCEM | 179.90 | 0.00% | 0.00% |
3 | FBNH | 6.95 | 0.00% | -4.79% |
4 | FIDELITYBK | 2.11 | 0.00% | -4.95% |
5 | GUARANTY | 31.00 | 2.99% | -3.43% |
6 | MTNN | 120.00 | 0.00% | -4.00% |
7 | UBA | 8.05 | -1.83% | -5.85% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 21.15 | 0.00% | -3.64% |
10 | OKOMUOIL | 68.00 | 0.00% | 3.03% |
The equities market closed down today as a result of the losses 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.
