NSE Records Second Consecutive Weekly Loss in December

December 13, 2019/InvestmentOne Report

The Nigerian equities market closed negative today as NSE-ASI declined by 0.13% to close at 26,536.21pts. Consequently, WtD performance printed at –1.19%.

However, in today’s trade, market breadth index was positive with 20 gainers against 12 losers.

AGLEVENT (+8.33%) led the gainers’ chart while GLAXOSMITH (-9.48%) was the top loser today.                                                                                                 

UBA (-3.56%) was the most actively traded stock with about 43million units of shares worth about N285million.

Sector Performance 

·         NSE Oil & Gas Index: Declined by 0.55%, on the back of the losses in OANDO (-4.74%) and CAVERTON (-3.92%).

·         NSE Banking Index: Rose by 0.99%, on the back of buy interests in JAIZBANK (+6.35%),  ETI (+5.34%), UBN (+3.17%), WEMABANK (+3.08%) and ACCESS (+1.62%).

·         NSE Industrial Index: Gained by 0.71% due to the rise in WAPCO (+3.33%).

·         NSE Consumer Goods Index: Was up 0.38% , as a result of the gains in PZ (+5.00%) and DANGSUGAR (+3.44%).

Performance of key stocks

 

S/N

Stock

Current Price (N)

1-day change (%)

Week to date change (%)

1

ACCESS

9.40

1.08%

1.62%

2

DANGCEM

140.00

0.00%

-1.89%

3

FBNH

6.50

4.84%

-2.26%

4

FIDELITYBK

2.08

4.00%

2.97%

5

GUARANTY

29.20

4.29%

-2.34%

6

MTNN

115.30

-2.29%

-2.29%

7

UBA

6.60

-2.22%

-1.49%

8

SEPLAT

549.70

0.00%

0.00%

9

ZENITHBANK

18.75

1.35%

0.81%

10

OKOMUOIL

54.50

0.00%

0.00%

 The equities market closed down today as result of the losses recorded in the Oil & Gas sector and MTNN (-2.29%). 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.

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