February 13, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.05% to close at 27,864.84pts.
In today’s trade, market breadth index was flat with 14 losers against 13 gainers.
LAWUNION (-9.84%) was the top loser today while UCAP (+10.00%) led the gainers’ chart.
ZENITHBANK (-0.25%) was the most actively traded stock with about 25million units of shares worth about N502million.
Sector Performance
· NSE Banking Index: Advanced by 2.09%, due to the buy-interest in GUARANTY (+6.37%), FBNH (+0.84%), STERLNBANK (+0.65%) and ACCESS (+0.51%).
· NSE Industrial Index: Rose by 0.79%, on the back of the gain BUACEMENT (+1.42%).
· NSE Consumer Goods Index: Inched up by 0.09%, as a result of the rise in FLOURMILL (+2.22%).
· 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% | 0.00% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 6.00 | 0.84% | 0.00% |
4 | FIDELITYBK | 2.18 | 0.00% | 0.46% |
5 | GUARANTY | 30.85 | 6.38% | 4.58% |
6 | MTNN | 116.00 | -3.33% | -0.85% |
7 | UBA | 7.80 | 0.00% | 0.65% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.90 | -0.25% | 0.51% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today as a result of the loss in MTNN (-3.33%). 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.
