MTNN, DANGCEM Drag Nigerian Equities Market Down -0.02%

Left to Right: Vice President Association of Securities and Exchange Commission Retired staff, Mrs Bibiana Okereafor, Acting Executive Commissioner Corporate Services SEC Mr. Edward Okolo, President Association of SEC Retired Staff, Mr. Sylvester Akele and a member of the Association Mr. Bamishe Ojo during a meeting between management of SEC and the Retirees in Abuja, Wednesday

January 22, 2020/InvestmentOne Report

The Nigerian equities market closed negative today as NSE-ASI lost 0.02% to close at 29,458.21pts.

Similarly, market breadth index was negative with 17 losers against 15 gainers.

JBERGER (-6.76%) led the losers’ chart while LAWUNION (+10.00%) was the top gainer today.                                                                                                 

AUSTINLAZ (-2.87%) was the most actively traded stock with about 85million units of shares worth about N174million.  

Sector Performance 

·         NSE Consumer Goods Index: Fell by 0.22%, on the back of the decline in FLOURMILL (-3.62%).

·         NSE Banking Index: Increased by 3.58%, due to increments in JAIZBANK (+3.03%), UBA (+2.94%), UBN (+2.48%), STERLNBANK (+1.06%) and FCMB (+1.04%).

·         NSE Industrial Index: Gained 0.41%, due to the buy interest in BUACEMENT (+1.51%).

·         NSE Oil & Gas Index: Inched up by 0.36%, on the back of the gain in OANDO (+2.78%). 

Performance of key stocks

 

S/N

Stock

Current Price (N)

1-day change (%)

Week to date change (%)

1

ACCESS

10.10

0.50%

-6.48%

2

DANGCEM

172.80

-0.12%

-1.26%

3

FBNH

7.50

0.00%

2.04%

4

FIDELITYBK

2.20

-1.79%

-1.35%

5

GUARANTY

32.20

0.00%

-3.88%

6

MTNN

128.20

-0.23%

1.26%

7

UBA

8.75

2.94%

-0.57%

8

SEPLAT

588.00

0.00%

0.00%

9

ZENITHBANK

22.00

-1.57%

-1.35%

10

OKOMUOIL

66.00

0.00%

0.00%

The equities market closed down today as a result of the losses recorded in MTNN (-0.23%) and DANGCEM (-0.12%). 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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