August 21, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI inched up by 0.07% to close at 25,221.87pts. Similarly, the market gained 0.09% WTD.
In today’s trade, market breadth index was positive with 20 gainers against 12 losers.
LASACO (+10.00%) led the gainer’s chart today, while ABCTRANS (-6.98%) was the top loser.
ZENITHBANK (-0.59%) was the most actively traded stock with about 19million units of shares worth about N322million.
Sector Performances
· NSE Consumer Goods Index: Rose by 1.06%, due to the positive sentiment recorded in CHAMPION (+9.86%), INTBREW (+9.09%), NB (+2.86%), UNILEVER (+1.45%) and NASCON (+1.00%).
· NSE Oil & Gas Index: Advanced by 0.43%, on the back of the gain in OANDO (+4.91%).
· NSE Banking Index: Declined by 0.46%, as a result of the sell-offs in UNITYBNK (-3.70%), FIDELITYBK (-1.10%), UBA (-0.75%), and GUARANTY (-0.59%).
· NSE Industrial Index: Closed Flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.50 | 0.00% | 1.56% |
2 | DANGCEM | 135.00 | 0.00% | -0.74% |
3 | FBNH | 5.00 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.80 | -1.10% | 0.00% |
5 | GUARANTY | 25.10 | -0.59% | 0.80% |
6 | MTNN | 117.80 | 0.00% | 1.99% |
7 | UBA | 6.60 | -0.75% | 1.54% |
8 | SEPLAT | 385.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 16.80 | -0.59% | 0.60% |
10 | OKOMUOIL | 79.00 | -1.25% | -1.25% |
The equities market closed up today due to the positive sentiment in Oil & Gas and Consumer Goods 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 may be one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
