July 22, 2020/InvestmentOne Report
The Nigerian equities market closed flat today with NSE-ASI printing at 24,175.53pts.
Similarly, market breadth index was flat with 9 gainers against 9 losers.
ETERNA (+8.89%) led the gainer’s chart while GLAXOSMITH (-9.52%) was the top loser.
UACN was the most actively traded stock with about 137million units of shares worth about N787million.
Sector Performances
- NSE Oil & Gas Index: Closed up by 0.04%, due to positive sentiments in ETERNA (+8.89%) and OANDO (+0.43%).
- NSE Banking Index: Decreased by 0.03%, due to the sell-offs in STERLNBANK (-3.28%) and FIDELITYBK (-1.12%).
- NSE Industrial Index: Closed Flat.
- NSE Consumer Goods Index: Closed Flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.15 | 0.00% | -0.81% |
2 | DANGCEM | 122.00 | 0.00% | -3.17% |
3 | FBNH | 4.95 | 0.00% | -1.00% |
4 | FIDELITYBK | 1.76 | -1.12% | 0.00% |
5 | GUARANTY | 21.55 | 0.23% | 0.23% |
6 | MTNN | 119.00 | 0.00% | 0.85% |
7 | UBA | 6.15 | 0.00% | 0.00% |
8 | SEPLAT | 386.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 15.55 | 0.00% | -1.27% |
10 | OKOMUOIL | 70.50 | 0.00% | 0.00% |
The equities market closed flat today with minimal movements across the heavy weighted 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 maybe one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
