September 10, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.38% to close at 25,520.97pts.
In today’s trade, the market breadth index was positive with 22 gainers against 12 losers.
ETERNA (+9.69%) led the gainer’s chart today, while ABCTRANS (-7.69%) was the top loser.
ZENITHBANK (+3.35%) was the most actively traded stock with about 33million units of shares worth about N547million.
Sector Performances
· NSE Banking Index: Advanced by 2.28%, as a result of the buy-interest in WEMABANK (+7.84%), ACCESS (+3.85%), ZENITHBANK (+3.35%), and FBNH (+1.01%).
· NSE Consumer Goods Index: Was up by 0.08%, due to the positive sentiments in HONYFLOUR (+4.44%), FLOURMILL (+0.79%) and NB (+0.12%).
· NSE Industrial Index: Inched up by 0.02%, on the back of the gain in WAPCO (+0.41%).
· NSE Oil & Gas Index: Fell by 1.28%, due to the loss in SEPLAT (-2.50%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.75
| 3.85%
| 5.47%
|
2
| DANGCEM
| 134.00
| 0.00%
| -0.15%
|
3
| FBNH
| 5.00
| 1.01%
| 1.01%
|
4
| FIDELITYBK
| 1.80
| 0.00%
| 2.27%
|
5
| GUARANTY
| 24.75
| 1.85%
| -2.56%
|
6
| MTNN
| 120.00
| 0.42%
| 1.87%
|
7
| UBA
| 6.20
| 1.64%
| -2.36%
|
8
| SEPLAT
| 390.00
| -2.50%
| 1.30%
|
9
| ZENITHBANK
| 16.95
| 3.35%
| 0.59%
|
10
| OKOMUOIL
| 78.00
| 0.00%
| -1.27%
|
The equities market closed up today due to the positive sentiments towards most sectors. While we believe the risk-off sentiment on the back of weak oil price, as well as the impact of the Coronavirus, could continue to weigh in on the 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.
