December 9, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.04% to close at 35,021.26pts.
Similarly, market breadth index was negative with 21 losers against 13 gainers.
ROYALEX (-8.70%) led the loser’s chart today, while FTNCOCOA (+8.82%) was the top gainer.
FBNH (-0.71%) was the most actively traded stock with about 41million units of shares worth about N286million.
Sector Performances
- NSE Oil & Gas Index: Lost 0.37%, due to the sell-off in ARDOVA (-8.65%).
- NSE Banking Index: Closed down by 0.07% on the back of the losses in STERLNBANK (-1.56%), ETI (-0.85%), FBNH (-0.71%) and UBA (-0.61%).
- NSE Consumer Goods Index: Shed 0.03%, as a result of the decline in CHAMPION (-8.16%).
- NSE Industrial Index: Closed Flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.30
| 0.00%
| -2.92%
|
2
| DANGCEM
| 199.00
| 0.00%
| 0.00%
|
3
| FBNH
| 7.00
| -0.71%
| -1.41%
|
4
| FIDELITYBK
| 2.55
| 0.00%
| 0.00%
|
5
| GUARANTY
| 33.15
| 0.00%
| -0.30%
|
6
| MTNN
| 156.20
| 0.00%
| 0.00%
|
7
| UBA
| 8.20
| -0.61%
| 0.00%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 23.45
| 0.21%
| -2.09%
|
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.
