February 4, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.35% to close at 28,432.27pts.
Similarly, in today’s trade, market breadth index was negative with 22 losers against 7 gainers.
ROYALEX (-10.00%) was the top loser today while WAPIC (+10.00%) led the gainers’ chart.
ZENITHBANK (-3.52%) was the most actively traded stock with about 68million units of shares worth about N1.31billion.
Sector Performance
· NSE Banking Index: Shed 1.09%, on the back of the declines in ZENITHBANK (-3.52%), ETI (-3.36%), WEMABANK (-2.99%), UNITYBANK (-1.69%) and GUARANTY (-1.36%).
· NSE Oil & Gas Index: Lost 0.18%, due to the sell-off in OANDO (-1.35%).
· NSE Consumer Goods Index: Dropped by 0.82%, as a result of the decrease in DANGSUGAR (-9.78%) and HONYFLOUR (-5.66%).
· NSE Industrial Index: Declined by 0.08%, due to the loss in CAPL (-9.60%)
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.00 | -1.10% | -9.09% |
2 | DANGCEM | 179.90 | 0.00% | 0.00% |
3 | FBNH | 5.90 | -1.67% | -9.92% |
4 | FIDELITYBK | 2.05 | -0.97% | -4.65% |
5 | GUARANTY | 29.00 | -1.36% | -3.33% |
6 | MTNN | 119.60 | 0.00% | 0.00% |
7 | UBA | 7.40 | -0.67% | -7.50% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.20 | -3.52% | -7.91% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
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.
