February 10, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI shed 1.05% to close at 27,772.19pts.
Market breadth index was somewhat flat with 17 losers against 16 gainers.
SOVRENINS (+10.00%) was the top gainer today while NESTLE (-10.00%) led the losers’ chart.
FBNH (-2.50%) was the most actively traded stock with about 36million units of shares worth about N212million.
Sector Performance
· NSE Consumer Goods Index: Fell by 4.75%, as a result of the declines in NESTLE (-10.00%), MAYBAKER (-6.91%) and HONYFLOUR (-0.91%).
· NSE Oil & Gas Index: Shed 0.55% due to the loss in OANDO (-4.17%).
· NSE Banking Index: Lost 0.54% on the back of the sell-offs in FIDELITYBK (-1.84%), ACCESS (-1.53%), GUARANTY (-0.68%) and UBA (-0.65%).
· NSE Industrial Index: Advanced by 0.76%, due to the buy-interest in BUACEMENT (+1.69%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.65 | -1.53% | -1.53% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.85 | -2.50% | -2.50% |
4 | FIDELITYBK | 2.13 | -1.84% | -1.84% |
5 | GUARANTY | 29.30 | -0.68% | -0.68% |
6 | MTNN | 115.00 | -1.71% | -1.71% |
7 | UBA | 7.70 | -0.65% | -0.65% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.85 | 0.25% | 0.25% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
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.
