August 17, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 0.27% to close at 25,132.67pts.
However, the market breadth index was positive today with 17 gainers against 15 losers.
LIVESTOCK (-8.33%) led the loser’s chart today, while UNILEVER (+10.00%) was the top gainer.
GUARANTY (-0.20%) was the most actively traded stock with about 18million units of shares worth about N465million.
Sector Performances
· NSE Industrial Index: Fell by 0.38%, on the back of the sell-offs in CUTIX (-2.78%) and DANGCEM (-0.74%).
· NSE Banking Index: Declined by 0.24%, as a result of the losses in STERLNBANK (-2.54%), ETI (-1.23%), ACCESS (-0.78%), and GUARANTY (-0.56%).
· NSE Oil & Gas Index: Gained 0.49%, due to the buy-interests in ARDOVA (+9.41%) and JAPAULOIL (+5.00%).
· NSE Consumer Goods Index: Advanced by 0.23%, due to the gains recorded in UNILEVER (+10.00%), NNFM (+9.82%), CADBURY (+4.70%), and DANGSUGAR (+3.36%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.35 | -0.78% | -0.78% |
2 | DANGCEM | 135.00 | -0.74% | -0.74% |
3 | FBNH | 5.00 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.79 | -0.56% | -0.56% |
5 | GUARANTY | 24.85 | -0.20% | -0.20% |
6 | MTNN | 117.80 | 1.99% | 1.99% |
7 | UBA | 6.50 | 0.00% | 0.00% |
8 | SEPLAT | 385.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 16.70 | 0.00% | 0.00% |
10 | OKOMUOIL | 80.00 | 0.00% | 0.00% |
The equities market closed down today due to the negative sentiment in 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 maybe one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
