February 3, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.08% to close at 2,533.40pts.
Similarly, in today’s trade, market breadth index was negative with 24 losers against 8 gainers
NCR (-9.97%) was the top loser today while LAWUNION (+10.00%) led the gainers’ chart.
ZENITHBANK (-4.56%) was the most actively traded stock with about 48million units of shares worth about N953million.
Sector Performance
· NSE Banking Index: Shed 3.85%, on the back of the declines in STERLNBANK (-9.24%), FBNH (-8.40%), ACCESS (-8.08%), UBA (6.88%) and JAIZBANK (-5.56%).
· NSE Industrial Index: Declined by 1.25%, due to the losses in BUACEMENT (-2.16%) and WAPCO (-0.33%).
· NSE Oil & Gas Index: Lost 0.77%, due to the sell-off in FO (-9.95%).
· NSE Consumer Goods Index: Dropped by 0.07%, as a result of the decrease in CADBURY (-9.77%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.10 | -5.70% | -11.22% |
2 | DANGCEM | 179.90 | 0.00% | 0.00% |
3 | FBNH | 6.00 | -13.67% | -17.81% |
4 | FIDELITYBK | 2.07 | -1.90% | -6.76% |
5 | GUARANTY | 29.40 | -5.16% | -8.41% |
6 | MTNN | 119.60 | -0.33% | -4.32% |
7 | UBA | 7.45 | -7.45% | -12.87% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.90 | -5.91% | -9.34% |
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.
