L-R: Lilian Idowu Adeleke – Program Officer at Pearls Africa, Debola Ibikunle – Mentor at Pearls Africa, Jumoke Fajemirokun – Member of the Advisory Board of Pearls Africa, Nwala Lady Joy from GirlsCoding, Bola Adeeko- Divisional Head, Shared Services, Nigerian Stock Exchange, Abisoye Ajayi-Akinfolarin Founder Pearls Africa, Mariam Matti from GirlsCoding, Odunayo Ajayi from GirlsCoding, Nosirat Alade from GirlsCoding, Oghale Otokunefor – Mentor at Pearls Africa, Bakenne Mariam – Facilitator from GirlsCoding, Jemimah Olisah – Facilitator from GirlsCoding-Photo Credit-NSE
The Nigerian equities market closed the last trading session of the year in the green, gaining 1.27%. However, the market lost 17.81% in 2018.
Similarly, market breadth index was positive with 32 gainers against 17 stocks that declined.
VITAFOAM (+10.00%) was the top gainer today while STANBIC (-9.95%) led the losers’ chart.
UNIONDAC (-7.41%) was the most actively traded with about 267million units of shares worth N67million.
· NSE Oil & Gas Index: Closed up by 3.73%, due to the gains in SEPLAT (+8.02%), JAPAULOIL (+5.00%), TOTAL (+3.57%) and OANDO (+2.04%).
· NSE Consumer Goods Index: Rose by 1.42%, following the buy interest in CHAMPION (+9.94%), FLOURMILL (+5.24%), NB (+4.27%) and NESTLE (+0.34%).
· NSE Industrial Index: Gained 0.62%, majorly driven by the rise in DANGCEM (+3.66%).
· NSE Banking Index: Advanced by 0.30%, on the back of the gains DIAMONDBNK (+9.55%), UNITYBNK (+9.18%), FBNH (+5.30%), WEMABANK (+3.28%) and STERLNBANK (2.70%).
The equities market closed up today following the gains across all sectors. Despite the sell-off in the equities market in 2018, we believe this presents decent entry opportunities in our quality names.