Gain in BUACEMENT Drives Nigerian Equities Market Higher by +0.17%

February 20, 2020/InvestmentOne Report

The Nigerian equities market closed positive today as NSE-ASI gained 0.17% to close at 27,568.91pts.

In today’s trade, market breadth index was positive with 19 gainers against 9 losers.

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

SOVRENINS was the most actively traded stock with about 200million units of shares worth about N40million.  

Sector Performance 

·         NSE Industrial Index: Rose by 1.66%, as a result of the buy interest in BUACEMENT (+3.00%).

·         NSE Oil & Gas Index: Declined by 0.86%, due to the loss in OANDO (-6.59%).

·         NSE Banking Index: Shed 0.51%, on the back of the sell-offs in STERLNBANK(-3.85%), GUARANTY (-1.41%) and ZENITHBANK (-0.51%)

·         NSE Consumer Goods Index: Lost 0.04%, following the decline in CHAMPION (-9.28%).

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

5.75

0.00%

-3.36%

4

FIDELITYBK

2.13

0.47%

-0.47%

5

GUARANTY

28.00

-1.41%

-6.35%

6

MTNN

116.00

0.00%

0.00%

7

UBA

7.65

0.66%

-0.65%

8

SEPLAT

605.00

0.00%

0.00%

9

ZENITHBANK

19.40

-0.51%

-1.27%

10

OKOMUOIL

68.00

0.00%

0.00%

The equities market closed up today due to the gain recorded in BUACEMENT . 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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