February 7, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI shed 0.26% to close at 28,067.09pts. Similarly, the market lost 2.69%WTD.
Similarly, in today’s trade, market breadth index was negative with 18 losers against 16 gainers. JAPAULOIL (+10.00%) was the top gainer today while TRANSEXPR (-10.00%) led the losers’ chart.
GUARANTY (-1.67%) was the most actively traded stock with about 77million units of shares worth about N2.27billion.
Sector Performance
· NSE Banking Index: Lost 1.22% on the back of the sell-offs in ETI (-4.05%), UBN (-3.47%), GUARANTY (-1.67%) and ZENITHBANK (-1.00%).
· NSE Industrial Index: Advanced by 0.71%, due to the buy-interests in BUACEMENT (+1.14%) and WAPCO (+0.66%).
· NSE Consumer Goods Index: Rose by 0.14%, as a result of the gains in HONYFLOUR (+7.84%), FLOURMILL (+3.64%) and DANGSUGAR (+3.47%).
· NSE Oil & Gas Index: Closed flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.80 | 0.51% | -1.01% |
2 | DANGCEM | 170.00 | 0.00% | -5.50% |
3 | FBNH | 6.00 | 0.00% | -8.40% |
4 | FIDELITYBK | 2.17 | 0.00% | 0.93% |
5 | GUARANTY | 29.50 | -1.67% | -1.67% |
6 | MTNN | 117.00 | -1.02% | -2.17% |
7 | UBA | 7.75 | 0.00% | -3.13% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.80 | -1.00% | -5.04% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today as a result of the losses recorded in Banking names. 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.
