March 3, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 1.70% to close at 26,255.11pts.
In today’s trade, market breadth index was positive with 23 gainers against 12 losers.
PZ (+9.88%) led the gainers’ chart while was the top loser ABCTRANS (-10.00%).
GUARANTY (+7.93%) was the most actively traded stock with about 83million units of shares worth about N2.01billion.
Sector Performance
· NSE Banking Index: Rose by 7.99%, as a result of the buy-interests in ACCESS (+9.74%), FBNH (+9.57%), JAIZBANK (+9.26%), UBN (+9.23%) and ZENITHBANK (+8.59%).
· NSE Consumer Goods Index: Increased by 1.97%, due to the gains in PZ (+9.88%), and NESTLE (+6.19%).
· NSE Industrial Index: Declined by 4.27%, due to the sell-off in BUACEMENT (-7.40%).
· 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 | 8.45 | 9.74% | 3.05% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.15 | 9.57% | 9.57% |
4 | FIDELITYBK | 1.95 | 5.41% | 0.00% |
5 | GUARANTY | 24.50 | 7.93% | 2.94% |
6 | MTNN | 115.00 | 4.55% | 4.55% |
7 | UBA | 6.85 | 6.20% | 2.24% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 19.60 | 8.59% | 5.95% |
10 | OKOMUOIL | 61.40 | -9.71% | -9.71% |
The equities market closed up today due to the gains recorded in Banking and Consumer Goods 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.
