September 18, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.16% to close at 25,572.57pts. However, the market lost 0.08% WTD.
In today’s trade, the market breadth index was positive with 20 gainers against 5 losers.
NEIMETH (+8.33%) led the gainer’s chart today, while ABCTRANS (-9.09%) was the top loser.
FCMB (+1.02%) was the most actively traded stock with about 36million units of shares worth about N165million.
Sector Performances
· NSE Consumer Goods Index: Inched up by 0.59%, due to the gain in DANGSUGAR (+7.14%).
· NSE Banking Index: Increased by 0.30%, as a result of the buy-interests in UNITYBNK (+5.56%), ACCESS (+1.57%), GUARANTY (+1.40%), and ETI (+1.27%).
· 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
| 6.45
| -2.27%
| -4.44%
|
2
| DANGCEM
| 135.00
| 0.00%
| 0.75%
|
3
| FBNH
| 4.95
| 1.02%
| -1.98%
|
4
| FIDELITYBK
| 1.78
| 0.56%
| 1.14%
|
5
| GUARANTY
| 25.35
| 1.40%
| 1.40%
|
6
| MTNN
| 120.00
| 0.00%
| 0.00%
|
7
| UBA
| 6.00
| 0.00%
| -3.23%
|
8
| SEPLAT
| 385.00
| 0.00%
| -1.28%
|
9
| ZENITHBANK
| 16.70
| 0.00%
| -2.91%
|
10
| OKOMUOIL
| 78.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the positive sentiment towards Banking and Consumer 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.
