December 7, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.21% to close at 35,064.36pts.
However, market breadth index was somewhat flat with 16 gainers against 15 losers .
LIVESTOCK (+9.92%) led the gainer’s chart today, while TRANSCOHOT (-10.00%) was the top loser.
UBA (+0.61%) was the most actively traded stock with about 89million units of shares worth about N731million.
Sector Performances
- NSE Banking Index: Closed down by 0.84% on the back of the losses in UBN (-2.70%), ZENITHBANK (-1.04%), ACCESS (-0.58%) and GUARANTY (-0.30%).
- NSE Consumer Goods Index: Shed 0.56%, as a result of the declines in DANGSUGAR (-2.11%), NB (-1.79%) and CADBURY (-0.57%)
- NSE Industrial Index: Lost 0.07%, as result of the sell-off in WAPCO (-0.87%).
- NSE Oil & Gas Index: Advanced by 0.17%, due to the gain in OANDO (+1.79%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.50
| -0.58%
| -0.58%
|
2
| DANGCEM
| 199.00
| 0.00%
| 0.00%
|
3
| FBNH
| 7.10
| 0.00%
| 0.00%
|
4
| FIDELITYBK
| 2.56
| 0.39%
| 0.39%
|
5
| GUARANTY
| 33.15
| -0.30%
| -0.30%
|
6
| MTNN
| 156.20
| 0.00%
| 0.00%
|
7
| UBA
| 8.25
| 0.61%
| 0.61%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 23.70
| -1.04%
| -1.04%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed down today due to the losses 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.
