December 11, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.94% to close at 34,250.74pts. Similarly, the NSE-ASI lost 2.53% WTD.
However, market breadth index was broadly positive with 29 gainers against 9 losers.
FTNCOCOA (+10.00%) led the gainer’s chart today, while DANGCEM (-8.04%) was the top loser.
JAIZBANK (+4.62%) was the most actively traded stock with about 401million units of shares worth about N261million.
Sector Performances
- NSE Banking Index: Closed up by 2.54% on the back of the gains in STERLNBANK (+10.00%), FBNH (+8.73%), WEMABANK (+7.81%), FIDELITYBK (+7.39%) and ZENITHBANK (+3.18%).
- NSE Oil & Gas Index: Rose by 0.37%, due to the gains in JAPAULOIL (+8.70%) and OANDO (+3.99%).
- NSE Consumer Goods Index: Inched up by 0.18%, as a result of the buy interest in VITAFOAM (+8.66%), GUINNESS (+5.92%), DANGSUGAR (+0.85%) and FLOURMILL (+0.20%).
- NSE Industrial Index: Declined by 4.09% due to the sell-off in DANGCEM (-8.04%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.05
| +3.87%
| -5.85%
|
2
| DANGCEM
| 183.00
| -8.04%
| -8.04%
|
3
| FBNH
| 6.85
| +8.73%
| -3.52%
|
4
| FIDELITYBK
| 2.47
| +7.39%
| -3.14%
|
5
| GUARANTY
| 32.90
| +1.70%
| -1.05%
|
6
| MTNN
| 155.00
| 0.00%
| -0.77%
|
7
| UBA
| 8.00
| +1.27%
| -2.44%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 22.70
| +3.18%
| -5.22%
|
10
| OKOMUOIL
| 88.00
| 0.00%
| +10.00%
|
The equities market closed down today due to the loss recorded in the Industrial sector. 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 in the medium to long run.
