September 3, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.20% to close at 25,511.02pts.
In today’s trade, the market breadth index was positive with 19 gainers against 6 losers.
UAC-PROP (+8.33%) led the gainer’s chart today, while NEIMETH (-6.50%) was the top loser.
TRANSCORP (-1.69%) was the most actively traded stock with about 71million units of shares worth about N40million.
Sector Performances
· NSE Banking Index: Rose by 0.46%, due to the buy-interests in NPFMCRFBK (+4.96%), FCMB (+4.76%), WEMABANK (+1.92%) and JAIZBANK (+1.64%).
· NSE Consumer Goods Index: Inched up by 0.02%, due to the gain in VITAFOAM (+5.09%).
· NSE Oil & Gas Index: Closed flat.
· NSE Industrial Index: Closed flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.40
| 0.00%
| 0.00%
|
2
| DANGCEM
| 134.00
| 0.00%
| -0.15%
|
3
| FBNH
| 5.05
| 0.00%
| 2.02%
|
4
| FIDELITYBK
| 1.80
| -0.55%
| 2.27%
|
5
| GUARANTY
| 25.70
| 0.19%
| 1.18%
|
6
| MTNN
| 118.60
| 0.51%
| 0.68%
|
7
| UBA
| 6.50
| 0.78%
| 2.36%
|
8
| SEPLAT
| 385.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 17.20
| 1.47%
| 2.08%
|
10
| OKOMUOIL
| 79.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the positive sentiment towards 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.
