February 20, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.17% to close at 27,568.91pts.
In today’s trade, market breadth index was positive with 19 gainers against 9 losers.
AIICO (+10.00%) was the top gainer today while LAWUNION (-10.00%) led the losers’ chart.
SOVRENINS was the most actively traded stock with about 200million units of shares worth about N40million.
Sector Performance
· NSE Industrial Index: Rose by 1.66%, as a result of the buy interest in BUACEMENT (+3.00%).
· NSE Oil & Gas Index: Declined by 0.86%, due to the loss in OANDO (-6.59%).
· NSE Banking Index: Shed 0.51%, on the back of the sell-offs in STERLNBANK(-3.85%), GUARANTY (-1.41%) and ZENITHBANK (-0.51%)
· NSE Consumer Goods Index: Lost 0.04%, following the decline in CHAMPION (-9.28%).
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 | 0.00% | -3.36% |
4 | FIDELITYBK | 2.13 | 0.47% | -0.47% |
5 | GUARANTY | 28.00 | -1.41% | -6.35% |
6 | MTNN | 116.00 | 0.00% | 0.00% |
7 | UBA | 7.65 | 0.66% | -0.65% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.40 | -0.51% | -1.27% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed up today due to the gain recorded in BUACEMENT . 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.
