August 25, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.25% to close at 25,291.73pts.
However, market breadth index was negative with 20 losers against 15 gainers.
NEM (+9.63%) led the gainer’s chart today, while BETAGLAS (-9.99%) was the top loser.
TRANSCORP (+1.79%) was the most actively traded stock with about 95million units of shares worth about N52million.
Sector Performances
· NSE Industrial Index: Advanced by 1.10%, on the back of the gains in BUACEMENT (+2.83%) and WAPCO (+1.74%).
· NSE Banking Index: Lost 0.22%, as a result of the sell-offs in STERLNBANK (-2.54%), WEMABANK (-1.92%), UNITYBNK (-1.75%), and ACCESS (-1.54%).
· NSE Consumer Goods Index: Fell by 0.07%, due to the negative sentiment recorded in VITAFOAM (-5.50%), INTBREW (-1.33%) and GUINNESS (-0.65%) .
· 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 | -1.54% | -1.54% |
2 | DANGCEM | 135.00 | 0.00% | 0.00% |
3 | FBNH | 5.00 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.79 | 1.13% | -1.65% |
5 | GUARANTY | 25.00 | -0.79% | -0.99% |
6 | MTNN | 117.80 | 0.00% | 0.00% |
7 | UBA | 6.55 | 0.77% | -1.50% |
8 | SEPLAT | 385.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 16.95 | 0.59% | 0.30% |
10 | OKOMUOIL | 79.00 | 0.00% | -1.25% |
The equities market closed up today due to the positive sentiment in Industrial 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.
