December 3, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.25% to close at 34,968.94pts.
Similarly, market breadth index was negative with 13 gainers against 25 losers .
MBENEFIT (+9.52%) led the gainer’s chart today, while UNITYBNK (-9.86%) was the top loser.
UBA (-5.20%) was the most actively traded stock with about 34million units of shares worth about N283million.
Sector Performances
- NSE Banking Index: Declined by 2.07%, due to the sell-offs in ETI (-6.35%), UBA (-5.20%), FIDELITYBK (-1.92%) and ZENITHBANK (-1.87%).
- NSE Consumer Goods Index: Lost 0.20%, as a result of declines in CADBURY (-5.43%), GUINNESS (-2.17%), PZ (-2.04%) and FLOURMILL (-1.85%)
- NSE Oil & Gas Index: Advanced by 0.35%, due to the gain in ARDOVA (+7.69%).
- NSE Industrial Index: Closed flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.60
| -1.15%
| 0.00%
|
2
| DANGCEM
| 205.00
| 0.00%
| 0.00%
|
3
| FBNH
| 7.20
| -1.37%
| -2.70%
|
4
| FIDELITYBK
| 2.55
| -1.92%
| -1.92%
|
5
| GUARANTY
| 33.60
| -1.18%
| -4.00%
|
6
| MTNN
| 156.20
| 0.77%
| 0.77%
|
7
| UBA
| 8.20
| -5.20%
| -2.38%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.40%
|
9
| ZENITHBANK
| 23.55
| -1.87%
| -3.68%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market lost today due to the sell-offs in Banking and Consumer names. 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.
