August 19, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained by 0.14% to close at 25,171.32pts.
The market breadth index was flat today with 13 gainers against 13 losers.
INTBREW (+10.00%) led the gainer’s chart today, while CAP (-10.00%) was the top loser.
ZENITHBANK (+0.90%) was the most actively traded stock with about 36million units of shares worth about N605million.
Sector Performances
· NSE Banking Index: Gained 0.81%, due to the buy-interests in JAIZBANK (+5.36%), WEMABANK (+2.00%), GUARANTY (+1.20%), and ZENITHBANK (+0.90%).
· NSE Consumer Goods Index: Increased by 0.19%, due to the positive sentiment recorded in INTBREW (+7.14%).
· NSE Industrial Index: Fell by 0.04%, on the back of the sell-off in CAP (-10.00%).
· NSE Oil & Gas Index: Closed Flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.40 | 0.00% | 0.00% |
2 | DANGCEM | 135.00 | 0.00% | -0.74% |
3 | FBNH | 5.00 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.81 | 0.56% | 0.56% |
5 | GUARANTY | 25.20 | 1.20% | 1.20% |
6 | MTNN | 117.80 | 0.00% | 1.99% |
7 | UBA | 6.70 | 0.75% | 3.08% |
8 | SEPLAT | 385.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 16.90 | 0.90% | 1.20% |
10 | OKOMUOIL | 80.00 | 0.00% | 0.00% |
The equities market closed up today due to the positive sentiment in Banking and Consumer names. 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.
