March 2, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.53% to close at 25,816.57pts.
In today’s trade, market breadth index was strongly negative with 28 losers against 9 gainers.
PZ (-10.00%) was the top loser while LAWUNION (+10.00%) led the gainers’ chart.
GUARANTY (-4.62%) was the most actively traded stock with about 94million units of shares worth about N2.14billion.
Sector Performance
· NSE Consumer Goods Index: Fell by 5.19%, due to the losses in PZ (-10.00%), NESTLE (-10.00%) and UNILEVER (-10.00%).
· NSE Banking Index: Was down by 3.66%, as a result of the declines in ACCESS (-6.10%), FIDELITYBK (-5.13%), GUARANTY (-4.62%), UBA (-3.73%) and ZENITHBANK (-2.43%).
· NSE Industrial Index: Declined by 1.22%, due to the sell-offs in WAPCO (-10.00%) and CUTIX (-5.30%).
· 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 | 7.70 | -6.10% | -6.10% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 4.70 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.85 | -5.13% | -5.13% |
5 | GUARANTY | 22.70 | -4.62% | -4.62% |
6 | MTNN | 110.00 | 0.00% | 0.00% |
7 | UBA | 6.45 | -3.73% | -3.73% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.05 | -2.43% | -2.43% |
10 | OKOMUOIL | 68.00 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded in 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.
