August 12, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.04% to close at 25,141.48pts.
Similarly, the market breadth index was positive with 18 gainers against 11 losers.
SEPLAT (+10.00%) led the gainer’s chart today, while CHAMPION (-9.30%) was the top loser.
GUARANTY (+0.20%) was the most actively traded stock with about 66million units of shares worth about N1.65billion.
Sector Performances
· NSE Oil & Gas Index: Advanced by 5.24%, due to the buy-interests in SEPLAT (+10.00%), OANDO (+1.27%) and TOTAL (+1.14%).
· NSE Consumer Goods Index: Rose by 0.19%, on the back of the gains in CADBURY (+9.93%), GUINNESS (+6.21%), and FLOURMILL (+0.52%).
· NSE Banking Index: Closed down by 0.36%, due to the sell-offs in ACCESS (-2.29%), ETI (-1.20%), FBNH (-0.98%) and ZENITHBANK (-0.59%).
· NSE Industrial Index: Declined by 0.26%, as a result of the losses in BUACEMENT (-0.64%) and WAPCO (-0.59%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.40 | -2.29% | -1.54% |
2 | DANGCEM | 136.00 | 0.00% | -4.09% |
3 | FBNH | 5.05 | -0.98% | 0.00% |
4 | FIDELITYBK | 1.83 | 1.67% | 1.67% |
5 | GUARANTY | 24.85 | 0.20% | 2.05% |
6 | MTNN | 118.50 | 0.00% | 0.00% |
7 | UBA | 6.50 | 0.00% | -0.76% |
8 | SEPLAT | 385.00 | 10.00% | 10.00% |
9 | ZENITHBANK | 16.75 | -0.59% | -0.89% |
10 | OKOMUOIL | 80.00 | 3.90% | 3.90% |
The equities market closed up today due to the positive sentiment in AIRTELAFRI (+9.20%), Oil & Gas and Consumer 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.
