December 4, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.48% to close at 35,137.99pts. In the same vein, the index gained 0.72% WTD.
However, market breadth index was negative with 13 gainers against 19 losers .
TRIPPLEG (+10.00%) led the gainer’s chart today, while ROYALEX (-8.33%) was the top loser.
FBNH (-1.39%) was the most actively traded stock with about 41million units of shares worth about N289million.
Sector Performances
- NSE Oil & Gas Index: Advanced by 1.88%, due to the gains in MOBIL (+9.20%) and ARDOVA (+3.21%).
- NSE Industrial Index: Lost 1.53%, as result of the sell-off in DANGCEM (-2.93%).
- NSE Consumer Goods Index: Shed 0.29%, as a result of declines in DANGSUGAR (-2.56%), UACN (-2.05%) and GUINNESS (-0.56%)
- NSE Banking Index: Closed flat
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.55
| -0.58%
| -0.58%
|
2
| DANGCEM
| 199.00
| -2.93%
| -2.93%
|
3
| FBNH
| 7.10
| -1.39%
| -4.05%
|
4
| FIDELITYBK
| 2.55
| 0.00%
| -1.92%
|
5
| GUARANTY
| 33.25
| -1.04%
| -5.00%
|
6
| MTNN
| 156.20
| 0.00%
| 0.77%
|
7
| UBA
| 8.20
| 0.00%
| -2.38%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.40%
|
9
| ZENITHBANK
| 23.95
| 1.70%
| -2.04%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains in AIRTELAFRI (+8.75%) and some Oil & Gas 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.
