February 25, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.03% to close at 27,033.10pts
In today’s trade, market breadth index was negative with 20 losers against 8 gainers.
SKYAVN (-9.75%) was the top today loser while LAWUNION (+10.00%) led the gainers’ chart.
ZENITHBANK (-0.26%) was the most actively traded stock with about 43million units of shares worth about N827million.
Sector Performance
· NSE Consumer Goods Index: Lost 0.38%, due to the declines in NB (-2.13%) and HONEYFLOUR (-2.04%).
· NSE Banking Index: Was up by 0.11%, as a result of the buy interests in FBNH (+2.83%), and ACCESS (+2.27%).
· 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 | 9.00 | 2.27% | -4.26% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.45 | 2.83% | -5.22% |
4 | FIDELITYBK | 2.05 | 0.00% | -4.21% |
5 | GUARANTY | 26.80 | -0.37% | -4.11% |
6 | MTNN | 116.00 | 0.00% | 0.00% |
7 | UBA | 6.85 | 0.00% | -7.43% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.05 | -0.26% | -4.03% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the loss recorded in Consumer Goods sector. 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.
