December 14, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.73% to close at 34,843.44pts.
Similarly, market breadth index was positive with 26 gainers against 14 losers.
AIRTELAFRI (+10.00%) led the gainer’s chart today, while PRESTIGE (-10.00%) was the top loser.
ZENITHBANK (-0.44%) was the most actively traded stock with about 39million units of shares worth about N876million.
Sector Performances
- NSE Industrial Index: Rose by 1.51%, due to the gains in DANGCEM (+2.73%) and WAPCO (+2.19%).
- NSE Consumer Goods Index: Inched down by 0.93%, as a result of the decline in INTBREW (-9.89%), NASCON (-9.38%) and HONYFLOUR (-1.87%).
- NSE Oil & Gas Index: Declined by 0.66%, due to the selloff in ARDOVA (-6.51%) and OANDO (-3.83%).
- NSE Banking Index: Closed down by 0.33%, on the back of the losses in UBN (+5.50%), UBA (-0.62%) and ZENITHBANK (-0.44%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.05
| 0.00%
| 0.00%
|
2
| DANGCEM
| 188
| 2.73%
| 2.73%
|
3
| FBNH
| 6.95
| 1.46%
| 1.46%
|
4
| FIDELITYBK
| 2.5
| 1.21%
| 1.21%
|
5
| GUARANTY
| 33
| 0.30%
| 0.30%
|
6
| MTNN
| 155
| 0.00%
| 0.00%
|
7
| UBA
| 7.95
| -0.62%
| -0.62%
|
8
| SEPLAT
| 402.3
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 22.6
| -0.44%
| -0.44%
|
10
| OKOMUOIL
| 88
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains recorded in the Industrial sector and AIRTELAFRI (+10.00%). 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.
