February 19, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.09% to close at 27,523.08pts.
In today’s trade, market breadth index was negative with 17 losers against 13 gainers.
MANSARD (-10.00%) was the top loser today while UCAP (+9.90%) led the gainers’ chart.
GUARANTY (-1.56%) was the most actively traded stock with about 79million units of shares worth about N2.26billion.
Sector Performance
· NSE Oil & Gas Index: Declined by 1.12%, due to the losses in FO (-9.97%) and OANDO (-3.06%).
· NSE Banking Index: Shed 0.55%, on the back of the sell-offs in WEMABANK (-4.41%), JAIZBANK (-4.23%), GUARANTY (-1.56%), FBNH (-0.86%) and FIDELITYBK (-0.47%).
· NSE Consumer Goods Index: Lost 0.15%, following the decline in DANGSUGAR (-2.02%).
· NSE Industrial Index: Rose by 0.46%, as a result of the buy interest in WAPCO (+3.97%).
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 | 5.75 | -0.86% | -3.36% |
4 | FIDELITYBK | 2.12 | -0.47% | -0.93% |
5 | GUARANTY | 28.40 | -1.56% | -5.02% |
6 | MTNN | 116.00 | 0.00% | 0.00% |
7 | UBA | 7.60 | 0.66% | -1.30% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.50 | 0.00% | -0.76% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded across 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.
