NSEASI Declines -0.67% on Losses Across Sectors

February 17, 2020/InvestmentOne Report

The Nigerian equities market closed negative today as NSE-ASI lost 0.67% to close at 27,570.94pts.

In today’s trade, market breadth index was negative with 18 losers against 11 gainers.

LAWUNION (-9.57%) was the top loser today while JAIZBANK (+6.25%) led the gainers’ chart.                                                                                                 

ZENITHBANK (-0.25%) was the most actively traded stock with about 22million units of shares worth about N442million.  

Sector Performance 

·         NSE Industrial Index: Closed down by 1.55%, due to the losses in WAPCO (-2.58%) and BUACEMENT (-2.23%).

·         NSE Banking Index: Shed 1.46%, on the back of the sell-offs in UNITYBNK (-8.77%), GUARANTY (-3.01%), FCMB (-2.67%), FIDELITYBK (-0.47%) and ZENITHBANK (-0.25%).

·         NSE Consumer Goods Index: Lost 1.25%, following the declines in INTBREW (-9.03%), DANGSUGAR (-3.89) and HONYFLOUR (-3.74%).

·         NSE Oil & Gas Index: Increased by 0.56%, majorly driven by the gains in JAPAULOIL (+5.00%) and OANDO (+4.35%). 

Performance of key stocks 

S/N

Stock

Current Price (N)

1-day change (%)

Week to date change (%)

1

ACCESS

9.70

0.00%

0.00%

2

DANGCEM

170.00

0.00%

0.00%

3

FBNH

5.95

0.00%

0.00%

4

FIDELITYBK

2.13

-0.47%

-0.47%

5

GUARANTY

29.00

-3.01%

-3.01%

6

MTNN

116.00

0.00%

0.00%

7

UBA

7.70

0.00%

0.00%

8

SEPLAT

605.00

0.00%

0.00%

9

ZENITHBANK

19.60

-0.25%

-0.25%

10

OKOMUOIL

68.00

0.00%

0.00%

The equities market closed down today due to the losses recorded across most 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.

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