June 25, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.13% to close at 24,621.99pts.
In today’s trade, market breadth index was slightly positive with 9 gainers against 8 losers.
LINKASSURE (-9.43%) led the loser’s chart while NEIMETH (+9.65%) was the top gainer.
ZENITHBANK (-1.52%) was the most actively traded stock with about 19million units of shares worth about N308million.
Sector Performance
· NSE Banking Index: Fell by 0.18%, as a result of the sell-offs in ZENITHBANK (-1.52%) and FBNH (-0.94%).
· NSE Oil & Gas Index: Closed Flat.
· NSE Consumer Goods Index: Closed Flat
· NSE Industrial Index: Closed Flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.60 | 0.00% | -2.22% |
2 | DANGCEM | 130.00 | 0.00% | 0.00% |
3 | FBNH | 5.25 | -0.94% | -0.94% |
4 | FIDELITYBK | 1.79 | 0.56% | 1.13% |
5 | GUARANTY | 22.70 | 0.00% | -1.94% |
6 | MTNN | 117.50 | -0.42% | 1.21% |
7 | UBA | 6.30 | 0.00% | -1.56% |
8 | SEPLAT | 386.00 | 0.00% | -9.98% |
9 | ZENITHBANK | 16.15 | -1.52% | 0.00% |
10 | OKOMUOIL | 64.00 | 0.00% | 0.00% |
The equities market closed down due to the weak sentiments in the market. 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.
