July 27, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.46% to close at 24,783.61pts.
However, market breadth index was negative with 19 losers against 15 gainers.
UNITYBNK (+9.62%) led the gainer’s chart today, while MANSARD (-10.00%) was the top loser.
FLOURMILL was the most actively traded stock with about 30million units of shares worth about N518million.
Sector Performances
- NSE Industrial Index: Advanced by 3.34%, as a result of the gains in WAPCO (+9.59%) and DANGCEM (+5.66%).
- NSE Banking Index: Increased by 3.17%, due to the buy-interests in UNITYBNK (+9.62%), GUARANTY (+7.62%), JAIZBANK (+3.45%) and UBA (+2.50%).
- NSE Oil & Gas Index: Closed down by 5.70%, due to negative sentiment in SEPLAT (-9.99%) and OANDO (-8.51%).
- NSE Consumer Goods Index: Lost 0.32%, due to the declines in PZ (-8.99%), HONYFLOUR (-7.69%), CADBURY (-7.59%), INTBREW (-1.45%) and GUINNESS (-1.08%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.30 | 1.61% | 1.61% |
2 | DANGCEM | 141.80 | 5.66% | 5.66% |
3 | FBNH | 5.00 | 1.01% | 1.01% |
4 | FIDELITYBK | 1.72 | -0.58% | -0.58% |
5 | GUARANTY | 23.30 | 7.62% | 7.62% |
6 | MTNN | 120.00 | 0.00% | 0.00% |
7 | UBA | 6.15 | 2.50% | 2.50% |
8 | SEPLAT | 312.70 | -9.99% | -9.99% |
9 | ZENITHBANK | 15.90 | 2.58% | 2.58% |
10 | OKOMUOIL | 70.50 | 0.00% | 0.00% |
The equities market closed up today due to the positive sentiment in the Industrial and Banking sectors. 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.
