February 21, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.65% to close at 27,388.62pts. Similarly, the market lost 1.32%WTD.
In today’s trade, market breadth index was negative with 20 losers against 14 gainers.
SKYAVN (-9.97%) was the top today loser while JAIZBANK (+9.52%) led the gainers’ chart.
ZENITHBANK (+2.32%) was the most actively traded stock with about 112million units of shares worth about N2.24billion.
Sector Performance
· NSE Consumer Goods Index: Lost 5.39%, following the declines in NESTLE (-9.02%), NB (-5.92%), HONEYFLOUR (-1.94%) and VITAFOAM (-1.10%).
· NSE Industrial Index: Rose by 0.47%, as a result of the buy interest in BUACEMENT (+1.11%).
· NSE Banking Index: Advanced by 0.34%, on the back of gains witnessed in UBN (+7.04%), FCMB (+2.63%), ZENITHBANK (+2.32%) and FIDELITY (+0.47%).
· NSE Oil & Gas Index: Gained by 0.15%, following the increase in OANDO (+1.23%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 9.40 | -3.09% | -3.09% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.75 | 0.00% | -3.36% |
4 | FIDELITYBK | 2.14 | 0.47% | 0.00% |
5 | GUARANTY | 27.95 | -0.18% | -6.52% |
6 | MTNN | 116.00 | 0.00% | 0.00% |
7 | UBA | 7.40 | -3.27% | -3.90% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.85 | 2.32% | 1.02% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded in the Consumer names. 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.
