February 18, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.08% to close at 27,547.56pts.
In today’s trade, market breadth index was negative with 13 losers against 12 gainers.
LAWUNION (-4.81%) was the top loser today while WAPIC (+10.00%) led the gainers’ chart.
ZENITHBANK (-0.51%) was the most actively traded stock with about 49million units of shares worth about N953million.
Sector Performance
· NSE Banking Index: Shed 0.49%, on the back of the sell-offs in UBA (-1.95%), FCMB (-1.10%), UBN (-0.71%), GUARANTY (-0.52%) and ZENITHBANK (-0.51%).
· NSE Consumer Goods Index: Lost marginally by 0.01%, following the decline in VITAFOAM (-3.19%).
· NSE Industrial Index: Closed flat.
· 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 | 9.70 | 0.00% | 0.00% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.80 | -2.52% | -2.52% |
4 | FIDELITYBK | 2.13 | 0.00% | -0.47% |
5 | GUARANTY | 28.85 | -0.52% | -3.51% |
6 | MTNN | 116.00 | 0.00% | 0.00% |
7 | UBA | 7.55 | -1.95% | -1.95% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.50 | -0.51% | -0.76% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded across Banking and Consumer Goods 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.
