February 24, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.27% to close at 27,041.03pts.
In today’s trade, market breadth index was negative with 33 losers against 5 gainers.
BOCGAS (-10.00%) was the top today loser while LAWUNION (+9.59%) led the gainers’ chart.
GUARANTY (-3.76%) was the most actively traded stock with about 177million units of shares worth about N4.79billion.
Sector Performance
· NSE Banking Index: Was down by 4.78%, as a result of the declines in FCMB (-9.23%), WEMABANK (-9.23%), UBN (-9.21%), UBA (-7.43%) and ACCESS (-6.38%).
· NSE Industrial Index: Fell by 0.85%, due to the losses in BUACEMENT (-1.51%).
· NSE Consumer Goods Index: Lost 0.72%, due to fall in CADBURY (-9.89%), NB (-2.99%) and HONEYFLOUR (-2.97%).
· NSE Oil & Gas Index: Closed down by 0.45%, on the back of the sell-offs in OANDO (-3.64%) and CAVERTON (-0.34%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 8.80 | -6.38% | -6.38% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.30 | -7.83% | -7.83% |
4 | FIDELITYBK | 2.05 | -4.21% | -4.21% |
5 | GUARANTY | 26.90 | -3.76% | -3.76% |
6 | MTNN | 116.00 | 0.00% | 0.00% |
7 | UBA | 6.85 | -7.43% | -7.43% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.10 | -3.78% | -3.78% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded in the 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.
