March 6, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.55% to close at 26,279.61pts. However, the market gained 0.24%WTD.
In today’s trade, market breadth index was positive with 19 gainers against 16 losers.
OMATEK (-9.76%) led the losers’ chart while was the top gainer MOBIL (+9.98%).
ZENITHBANK (-6.00%) was the most actively traded stock with about 86million units of shares worth about N1.65billion.
Sector Performance
· NSE Banking Index: Fell by 2.96%, due to the sell-off in ETI (-9.30%), WEMABANK(-6.15%), ZENITHBANK (-6.00%), UBA (-3.50%) and ACCESS (-3.41%).
· NSE Consumer Goods Index: Shed 0.12%, as a result of the declines in HONEYFLOUR (-4.00%), UNILEVER (-3.70%) and CHAMPION (-1.27%).
· NSE Oil & Gas Index: Rose by 1.49%, as a result of the buy-interests in MOBIL (+9.98%).
· NSE Industrial Index: Was up by 0.62%, due to the increase in CUTIX (+2.19%) and BUACEMENT (+1.58%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 8.50 | -3.41% | 3.66% |
2 | DANGCEM | 170.00 | 0.00% | 0.00% |
3 | FBNH | 5.35 | -6.96% | 13.83% |
4 | FIDELITYBK | 2.00 | 0.00% | 2.56% |
5 | GUARANTY | 24.60 | -1.20% | 3.36% |
6 | MTNN | 115.00 | 0.00% | 4.55% |
7 | UBA | 6.90 | -3.50% | 2.99% |
8 | SEPLAT | 605.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 18.80 | -6.00% | 1.62% |
10 | OKOMUOIL | 61.40 | 0.00% | -9.71% |
The equities market closed down today due to the losses 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.
