February 11, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.36% to close at 27,871.90pts.
However, in today’s trade, market breadth index was negative with 17 losers against 12 gainers.
UACN (+9.41%) was the top gainer today while SKYAVN (-9.89%) led the losers’ chart.
UBA was the most actively traded stock with about 49million units of shares worth about N382million.
Sector Performance
· NSE Oil & Gas Index: Advanced by 0.05%, due to the buy-interest in JAPAULOIL (+8.33%) and OANDO (+1.45%).
· NSE Consumer Goods Index: Fell by 1.29%, as a result of the declines in INTBREW (-8.82%) and DANGSUGAR (-4.48%).
· NSE Industrial Index: Shed 0.76%, due to the loss in BUACEMENT (-1.94%).
· NSE Banking Index: Lost 0.35% on the back of the sell-offs in ETI (-2.11%),GUARANTY (-1.02%), STERLNBANK (-1.18%) and ACCESS (-0.52%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.60 | -0.52% | -2.04% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.90 | 0.85% | -1.67% |
4 | FIDELITYBK | 2.15 | 0.94% | -0.92% |
5 | GUARANTY | 29.00 | -1.02% | -1.69% |
6 | MTNN | 120.00 | 4.35% | 2.56% |
7 | UBA | 7.70 | 0.00% | -0.65% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 20.00 | 0.76% | 1.01% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed up today as a result of the gains in MTNN and Oil & Gas sector. 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.
