August 6, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.19% to close at 24,930.34pts.
In today’s trade, market breadth index was positive with 20 gainers against 10 losers.
SEPLAT (+9.03%) led the gainer’s chart today, while UBN (-7.41%) was the top loser.
FBNH was the most actively traded stock with about 30million units of shares worth about N150million.
Sector Performances
· NSE Oil & Gas Index: Advanced by 0.19%, due to positive sentiment in SEPLAT (+9.03%) and ETERNA (+4.40%).
· NSE Banking Index: Increased by 0.14%, due to the buy-interests in STANBIC (+4.76%), ZENITHBANK (+1.21%), ETI (+1.19%) and NPFMCRFBK (+0.81%).
· NSE Consumer Goods Index: Inched up 0.09%, on the back of the gains in GUINNESS (+3.85%) and NASCON (+4.17).
· NSE Industrial Index: Declined by 0.67%, as a result of the loss in BUACEMENT (-1.58%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.35 | -0.78% | 0.79% |
2 | DANGCEM | 141.80 | 0.00% | 0.00% |
3 | FBNH | 5.05 | 0.00% | 1.00% |
4 | FIDELITYBK | 1.73 | 0.00% | 1.17% |
5 | GUARANTY | 23.75 | 0.64% | 5.56% |
6 | MTNN | 118.50 | 0.42% | 0.51% |
7 | UBA | 6.45 | 2.38% | 4.03% |
8 | SEPLAT | 350.00 | 9.03% | 12.83% |
9 | ZENITHBANK | 16.70 | 1.21% | 2.45% |
10 | OKOMUOIL | 74.95 | 0.00% | 0.00% |
The equities market closed up today due to the positive sentiment in most 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 maybe one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
