In today’s trade, the market breadth index was largely positive with 27 gainers against 9 losers.
LIVESTOCK (+10.00%) led the gainer’s chart today, whileWAPIC (-5.71%)was thetop loser.
UAC-PROP (+8.24%) was the most actively traded stock with about 948million units of shares worth about N664million.
Sector Performances
· NSE Banking Index: Closed up by 1.07%, due to thegains in JAIZBANK (+8.93%),ETI (+6.41%), UBA (+4.80%) and ACCESS (+3.23%).
· NSE Consumer Goods Index: Rose by 0.88%,due to the buy-interest in NB (+5.41%).
· NSE Industrial Index: Declined by 0.12%,as a result of the sell-off in DANGCEM (-0.67%).
· NSE Oil & Gas Index:Closed flat.
Performance of key stocks
The equities market closed up today due to the positive sentiment towards Banking and Consumer names. While we believe the risk-off sentiment on the back of weak oil price, as well as the impact of Coronavirus could continue to weigh in on equities market, we opine that this may be one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
| S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
| 1 | ACCESS | 6.40 | 3.23% | 0.00% |
| 2 | DANGCEM | 134.00 | -0.67% | -0.15% |
| 3 | FBNH | 5.05 | 3.06% | 2.02% |
| 4 | FIDELITYBK | 1.76 | 0.57% | 0.00% |
| 5 | GUARANTY | 25.60 | 0.39% | 0.79% |
| 6 | MTNN | 118.00 | 0.17% | 0.17% |
| 7 | UBA | 6.55 | 4.80% | 3.15% |
| 8 | SEPLAT | 385.00 | 0.00% | 0.00% |
| 9 | ZENITHBANK | 16.85 | 0.60% | 0.00% |
| 10 | OKOMUOIL | 79.00 | 0.00% | 0.00% |
