September 14, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.05% to close at 25,605.59pts.
In today’s trade, the market breadth index was marginally positive with 17 gainers against 16 losers.
NEIMETH (+9.55%) led the gainer’s chart today, while INTBREW (-8.57%) was the top loser.
CUSTODIAN was the most actively traded stock with about 49million units of shares worth about N263million.
Sector Performances
· NSE Industrial Index: Advanced by 0.51%, on the back of the gains in CAP (+6.67%), WAPCO (+1.95%) and DANGCEM (+0.75%).
· NSE Banking Index: Increased by 0.05%, as a result of the buy-interest in JAIZBANK (+3.45%), FIDELITYBK (+1.70%), FBNH (+0.99%), and GUARANTY (+0.40%).
· NSE Consumer Goods Index: Declined by 0.50%, due to the negative sentiment in INTBREW (-8.57%), NASCON (-0.50%) and GUINNESS (-0.37%).
· NSE Oil & Gas Index: Fell by 0.08%, due to the losses in JAPAULOIL (-4.76%) and OANDO (-0.83%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.70
| -0.74%
| -0.74%
|
2
| DANGCEM
| 135.00
| 0.75%
| 0.75%
|
3
| FBNH
| 5.10
| 0.99%
| 0.99%
|
4
| FIDELITYBK
| 1.79
| 1.70%
| 1.70%
|
5
| GUARANTY
| 25.10
| 0.40%
| 0.40%
|
6
| MTNN
| 120.00
| 0.00%
| 0.00%
|
7
| UBA
| 6.20
| 0.00%
| 0.00%
|
8
| SEPLAT
| 390.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 17.25
| 0.29%
| 0.29%
|
10
| OKOMUOIL
| 78.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the positive sentiment towards Industrial and Banking 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.
