September 30, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.85% to close at 26,837.42pts.
In today’s trade, the market breadth index was largely positive with 20 gainers against 8 losers.
TOTAL (+10.00%) led the gainer’s chart today, while UPL (-6.77%) was the top loser.
STERLNBANK (+4.92%) was the most actively traded stock with about 84million units of shares worth about N105million.
Sector Performances
- NSE Banking Index: Gained 1.93%, due to the uptrend in JAIZBANK (+5.17%), STERLNBANK (+4.92%), FCMB (+4.29%) and GUARANTY (+3.70%).
- NSE Industrial Index: Advanced by 1.40%, due to the positive sentiment in DANGCEM (+2.81%) and CAP (+0.59%).
- NSE Oil & Gas Index: Increased by 0.94%, on the back of the gains in TOTAL (+10.00%), ETERNA (+9.60%) and OANDO (+0.45%).
- NSE Consumer Goods Index: Declined by 1.66%, as a result of the sell-offs in NB (-6.76%), PZ (-5.88%), and DANGSUGAR (-0.80%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.70
| 0.00%
| 0.00%
|
2
| DANGCEM
| 142.90
| 2.81%
| 2.81%
|
3
| FBNH
| 5.20
| 0.00%
| 0.97%
|
4
| FIDELITYBK
| 1.85
| -2.12%
| -2.63%
|
5
| GUARANTY
| 28.05
| 3.70%
| 3.89%
|
6
| MTNN
| 129.00
| 1.18%
| 4.03%
|
7
| UBA
| 6.20
| 2.48%
| 1.64%
|
8
| SEPLAT
| 400.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 17.85
| 2.00%
| 3.18%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 2.56%
|
The equities market closed up today due to the positive sentiment towards most 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.
