February 14, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.39% to close at 27,755.87pts. Similarly, the market lost 2.69%WTD.
In today’s trade, market breadth index was negative with 19 losers against 9 gainers.
NEIMETH (-10.00%) was the top loser today while CAVERTON (+9.60%) led the gainers’ chart.
ZENITHBANK (-1.26%) was the most actively traded stock with about 22million units of shares worth about N430million.
Sector Performance
· NSE Banking Index: Shed 1.69%, on the back of the sell-offs in NPFMCRFBK (-9.76%), GUARANTY (-3.08%), WEMABANK(-2.99%), FIDELITYBK (-1.83%) and UBA (-1.28%).
· NSE Consumer Goods Index: Lost 0.30%, following the decline in GUINESS (-10.00%).
· NSE Oil & Gas Index: Dropped by 0.19%, majorly driven by the losses in JAPAULOIL (-9.09%) and OANDO (-1.43%).
· NSE Industrial Index: Closed down by 0.07%, due to the loss in WAPCO (-0.64%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.70 | -1.02% | -1.02% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.95 | -0.83% | -0.83% |
4 | FIDELITYBK | 2.14 | -1.83% | -1.38% |
5 | GUARANTY | 29.90 | -3.08% | 1.36% |
6 | MTNN | 116.00 | 0.00% | -0.85% |
7 | UBA | 7.70 | -1.28% | -0.65% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.65 | -1.26% | -0.76% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded across 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.
