September 28, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.72% to close at 26,507.84pts.
In today’s trade, the market breadth index was largely positive with 22 gainers against 7 losers.
TOTAL (+10.00%) led the gainer’s chart today, while UAC-PROP (-10.00%) was the top loser.
ZENITHBANK was the most actively traded stock with about 90million units of shares worth about N1.55billion.
Sector Performances
- NSE Oil & Gas Index: Increased by 1.33%, as a result of the gains in TOTAL (+10.00%) and OANDO (+9.85%).
- NSE Consumer Goods Index: Rose by 0.53%, as a result of the buy-interests in CHAMPION (+9.88%), INTBREW (+8.33%), and FLOURMILL (+0.70%).
- NSE Industrial Index: Advanced by 0.53%, due to the positive sentiment in WAPCO (+6.31%) and BUACEMENT (+4.80%).
- NSE Banking Index: Increased by 0.26%, due to the uptrend in FBNH (+3.88%), STERLNBANK (+2.59%), and ACCESS (+0.75%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.75
| 0.75%
| 0.75%
|
2
| DANGCEM
| 139.00
| 0.00%
| 0.00%
|
3
| FBNH
| 5.35
| 3.88%
| 3.88%
|
4
| FIDELITYBK
| 1.90
| 0.00%
| 0.00%
|
5
| GUARANTY
| 27.00
| 0.00%
| 0.00%
|
6
| MTNN
| 126.50
| 2.02%
| 2.02%
|
7
| UBA
| 6.10
| 0.00%
| 0.00%
|
8
| SEPLAT
| 398.00
| -0.50%
| -0.50%
|
9
| ZENITHBANK
| 17.30
| 0.00%
| 0.00%
|
10
| OKOMUOIL
| 80.00
| 2.56%
| 2.56%
|
The equities market closed up today due to the positive sentiment towards all major 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.
