December 2, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.26% to close at 35,056.82pts.
However, market breadth index was negative with 19 gainers against 22 losers .
AIICO (+9.90%) led the gainer’s chart today, while CILEASING (-9.90%) was the top loser.
ACCESS was the most actively traded stock with about 46million units of shares worth about N403million.
Sector Performances
- NSE Consumer Goods Index: Lost 1.81%, as a result of declines in NNFM (-9.97%), NB (-7.05%), CADBURY (-4.17%) and FLOURMILL (-2.17%)
- NSE Banking Index: Declined by 0.80%, due to the sell-offs in GUARANTY (-2.86%), ZENITHBANK (-1.64%) and JAIZBANK (-1.45%).
- NSE Oil & Gas Index: Shed 0.72% due to the losses in OANDO (-5.00%) and ARDOVA (-4.41%).
- NSE Industrial Index: Fell by 0.02%, due to the decline in CAP (-6.98%) .
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.70
| 0.00%
| 1.16%
|
2
| DANGCEM
| 205.00
| 0.00%
| 0.00%
|
3
| FBNH
| 7.30
| 1.39%
| -1.35%
|
4
| FIDELITYBK
| 2.60
| 0.00%
| 0.00%
|
5
| GUARANTY
| 34.00
| -2.86%
| -2.86%
|
6
| MTNN
| 155.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.65
| 5.49%
| 2.98%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.40%
|
9
| ZENITHBANK
| 24.00
| -1.64%
| -1.84%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market lost today due to the sell-offs in 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 the equities market still presents decent opportunities for investors chasing positive real return on investments.
