August 26, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.15% to close at 25,320.10pts.
Similarly, the market breadth index was positive with 24 gainers against 8 losers.
FTNCOCOA (+10.00%) led the gainer’s chart today, while CORNERST (-9.68%) was the top loser.
FIDELITYBK (-0.56%) was the most actively traded stock with about 27million units of shares worth about N47million.
Sector Performances
· NSE Consumer Goods Index: Advanced by 0.16%, due to the positive sentiment recorded in NNFM (+9.76%), CHAMPION (+7.06%), VITAFOAM (+5.63%), PZ (+5.00%) and GUINNESS (+1.31%).
· NSE Banking Index: Lost 0.03%, as a result of the sell-off in UBA (-1.53%).
· NSE Industrial Index: Closed Flat.
· 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% | -1.54% |
2 | DANGCEM | 135.00 | 0.00% | 0.00% |
3 | FBNH | 5.05 | 1.00% | 1.00% |
4 | FIDELITYBK | 1.79 | 0.00% | -1.65% |
5 | GUARANTY | 25.05 | 0.20% | -0.79% |
6 | MTNN | 117.80 | 0.00% | 0.00% |
7 | UBA | 6.45 | -1.53% | -3.01% |
8 | SEPLAT | 385.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 16.95 | 0.00% | 0.30% |
10 | OKOMUOIL | 79.00 | 0.00% | -1.25% |
The equities market closed up today due to the positive sentiment in 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.
