December 3, 2019/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI fell by 0.17% to close at 26,944.32pts.
Similarly, in today’s trade, market breadth index was negative with 19 losers against 13 gainers.
IKEJAHOTEL (-9.73%) led the losers’ chat while OKOMUOIL (+9.87%) was the top gainer today.
ACCESS (+1.09%) was the most actively traded stock with about 35million units of shares worth about 326million.
Sector Performance
· NSE Industrial Index: Lost 0.25%, as a result of the sell-off in WAPCO (-1.07%).
· NSE Banking Index: Rose by 0.38%, due to the gains in JAIZBANK (+4.55%), ACCESS (+1.09%), ZENITHBANK (+1.08%) and UBA (+0.71%).
· NSE Consumer Goods Index: Closed up by 0.05%, on the back of the surges in UNILEVER (+4.24%) and FLOURMILL (+4.11%).
· 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 |
9.30 |
1.09% |
0.54% |
|
2 |
DANGCEM |
143.00 |
0.00% |
0.14% |
|
3 |
FBNH |
6.70 |
0.00% |
0.00% |
|
4 |
FIDELITYBK |
2.01 |
-3.83% |
-1.95% |
|
5 |
GUARANTY |
30.30 |
0.00% |
-0.49% |
|
6 |
MTNN |
119.00 |
-0.83% |
-0.83% |
|
7 |
UBA |
7.05 |
0.71% |
0.00% |
|
8 |
SEPLAT |
549.70 |
0.00% |
0.00% |
|
9 |
ZENITHBANK |
18.80 |
1.08% |
1.08% |
|
10 |
OKOMUOIL |
54.55 |
9.87% |
9.87% |
The equities market closed down today as result of the loss recorded in Industrial sector and MTNN. 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.