October 5, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 2.11% to close at 27,554.56pts.
In today’s trade, the market breadth index was broadly positive with 36 gainers against 10 losers.
GLAXOSMITH (+10.00%) led the gainer’s chart today, while TRIPPLEG (-10.00%) was the top loser.
ZENITHBANK (+5.26%) was the most actively traded stock with about 204million units of shares worth about N3.83billion.
Sector Performances
- NSE Banking Index: Gained 3.37%, due to the uptrend in FIDELITYBK (+8.33%), FBNH (+6.73%), ACCESS (+5.97%), and ZENITHBANK (+5.26%).
- NSE Oil & Gas Index: Increased by 0.84%, on the back of the gains in ARDOVA (+6.36%) and SEPLAT (+2.50%).
- NSE Industrial Index: Advanced by 0.38%, due to the positive sentiment in WAPCO (+5.61%) and CUTIX (+1.18%).
- NSE Consumer Goods Index: Rose by 0.38%, as a result of the buy-interests in GUINNESS (+7.14%), NASCON (+5.29%), PZ (+2.50%) and DANGSUGAR (+2.33%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.10
| 5.97%
| 5.97%
|
2
| DANGCEM
| 144.00
| 0.00%
| 0.00%
|
3
| FBNH
| 5.55
| 6.73%
| 6.73%
|
4
| FIDELITYBK
| 2.00
| 8.11%
| 8.11%
|
5
| GUARANTY
| 29.70
| 4.21%
| 4.21%
|
6
| MTNN
| 135.00
| 3.85%
| 3.85%
|
7
| UBA
| 6.45
| 4.03%
| 4.03%
|
8
| SEPLAT
| 410.00
| 2.50%
| 2.50%
|
9
| ZENITHBANK
| 19.00
| 5.56%
| 5.56%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the positive sentiment towards all 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.
