September 11, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.28% to close at 25,591.95pts. However, the market lost 0.05% WTD.
In today’s trade, the market breadth index was marginally positive with 19 gainers against 18 losers.
NPFMCRFBK (+8.66%) led the gainer’s chart today, while ARDOVA (-9.92%) was the top loser.
CUSTODIAN was the most actively traded stock with about 63million units of shares worth about N302million.
Sector Performances
· NSE Banking Index: Advanced by 0.76%, as a result of the buy-interest in NPFMCRFBK (+8.66%), STANBIC (+3.90%), FCMB (+2.33%), and UNITYBNK (+1.83%).
· NSE Industrial Index: Increased by 0.25%, on the back of the gain in WAPCO (+4.92%).
· NSE Consumer Goods Index: Declined by 0.22%, due to the negative sentiments in GUINNESS (-3.57%) and INTBREW (-4.11%).
· NSE Oil & Gas Index: Fell by 0.04%, due to the loss in ARDOVA (-9.92%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.75
| 0.00%
| 5.47%
|
2
| DANGCEM
| 134.00
| 0.00%
| -0.15%
|
3
| FBNH
| 5.05
| 1.00%
| 2.02%
|
4
| FIDELITYBK
| 1.76
| -2.22%
| 0.00%
|
5
| GUARANTY
| 25.00
| 1.01%
| -1.57%
|
6
| MTNN
| 120.00
| 0.00%
| 1.87%
|
7
| UBA
| 6.20
| 0.00%
| -2.36%
|
8
| SEPLAT
| 390.00
| 0.00%
| 1.30%
|
9
| ZENITHBANK
| 17.20
| 1.47%
| 2.08%
|
10
| OKOMUOIL
| 78.00
| 0.00%
| -1.27%
|
The equities market closed up today due to the positive sentiment towards Banking and Industrial 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.
