August 13, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.38% to close at 25,141.48pts.
However, the market breadth index was negative with 18 losers against 15 gainers.
MANSARD (+9.66%) led the gainer’s chart today, while IKEJAHOTEL (-9.90%) was the top loser.
TRANSCORP (-4.76%) was the most actively traded stock with about 105million units of shares worth about N61million.
Sector Performances
· NSE Consumer Goods Index: Rose by 1.46%, on the back of the gains in UNILEVER (+8.33%), NB (+5.88%), and FLOURMILL (+2.32%).
· NSE Oil & Gas Index: Advanced by 0.31%, due to the buy-interest in OANDO (+3.33%).
· NSE Banking Index: Closed up by 0.03%, as a result of the gains in FIDELITYBK (+3.28%), STANBIC (+2.42%), and FCMB (+2.00%).
· NSE Industrial Index: Declined by 0.12%, due to the losses recorded in WAPCO (-0.42%) and BUACEMENT (-0.26%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.50 | 1.56% | 0.00% |
2 | DANGCEM | 136.00 | 0.00% | -4.09% |
3 | FBNH | 5.05 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.89 | 3.28% | 5.00% |
5 | GUARANTY | 24.80 | -0.20% | 1.85% |
6 | MTNN | 119.50 | 0.84% | 0.84% |
7 | UBA | 6.50 | 0.00% | -0.76% |
8 | SEPLAT | 385.00 | 0.00% | 10.00% |
9 | ZENITHBANK | 16.75 | 0.00% | -0.89% |
10 | OKOMUOIL | 80.00 | 0.00% | 3.90% |
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.