September 29, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.39% to close at 26,611.96pts.
In today’s trade, the market breadth index was positive with 16 gainers against 11 losers.
WEMABANK (+7.55%) led the gainer’s chart today, while ETRANZACT (-9.96%) was the top loser.
ZENITHBANK (+1.16%) was the most actively traded stock with about 91million units of shares worth about N1.59billion.
Sector Performances
- NSE Industrial Index: Advanced by 0.83%, due to the positive sentiment in BUACEMENT (+3.34%).
- NSE Banking Index: Gained 0.40%, due to the uptrend in WEMABANK (+7.55%), STERLNBANK (+2.52%), ETI (+2.44%) and ZENITHBANK (+1.16%).
- NSE Oil & Gas Index: Increased by 0.26%, on the back of the gains in SEPLAT (+0.50%) and OANDO (+0.45%).
- NSE Consumer Goods Index: Rose by 0.07%, as a result of the buy-interests in HONYFLOUR (+2.22%), DANGSUGAR (+1.63%), and VITAFOAM (+0.84%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.70
| -0.74%
| 0.00%
|
2
| DANGCEM
| 139.00
| 0.00%
| 0.00%
|
3
| FBNH
| 5.20
| -2.80%
| 0.97%
|
4
| FIDELITYBK
| 1.89
| -0.53%
| -0.53%
|
5
| GUARANTY
| 27.05
| 0.19%
| 0.19%
|
6
| MTNN
| 127.50
| 0.79%
| 2.82%
|
7
| UBA
| 6.05
| -0.82%
| -0.82%
|
8
| SEPLAT
| 400.00
| 0.50%
| 0.00%
|
9
| ZENITHBANK
| 17.50
| 1.16%
| 1.16%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 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.
