August 20, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained by 0.13% to close at 25,204.58pts.
In today’s trade, market breadth index was positive today with 17 gainers against 10 losers.
INTBREW (+10.00%) led the gainer’s chart today, while STUPRESS (-9.60%) was the top loser.
TRANSCORP (-1.64%) was the most actively traded stock with about 35million units of shares worth about N605million.
Sector Performances
· NSE Consumer Goods Index: Rose by 0.52%, due to the positive sentiment recorded in INTBREW (+10.00%) and HONYFLOUR (+2.17%).
· NSE Banking Index: Gained 0.18%, due to the buy-interests in UNITYBNK (+5.14%), ACCESS (+1.56%), STANBIC (+1.47%), and FIDELITYBK (+0.55%).
· NSE Industrial Index: Inched up by 0.03%, on the back of gains in CUTIX (+9.71%) and CAP (+5.56%).
· 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 | 6.50 | 1.56% | 1.56% |
2 | DANGCEM | 135.00 | 0.00% | -0.74% |
3 | FBNH | 5.00 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.82 | 0.55% | 1.11% |
5 | GUARANTY | 25.25 | 0.20% | 1.41% |
6 | MTNN | 117.80 | 0.00% | -1.01% |
7 | UBA | 6.65 | -0.75% | 2.31% |
8 | SEPLAT | 385.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 16.90 | 0.00% | 1.20% |
10 | OKOMUOIL | 80.00 | 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.
