December 16, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.76% to close at 35,493.15pts.
Similarly, market breadth index was positive with 26 gainers against 13 losers.
MANSARD (+10.00%) led the gainer’s chart today, while CORNERST (-8.33%) was the top loser.
JAIZBANK (+3.51%) was the most actively traded stock with about 415million units of shares worth about N216million.
Sector Performances
- NSE Consumer Goods Index: Rose by 3.78%, as a result of the gains in NESTLE (+7.50%), FLOURMILL (+7.29%) and GUINNESS (+3.33%).
- NSE Banking Index: Closed up by 1.86%, on the back of buy interest in UNITYBNK (+8.06%), FCMB (+4.53%), FIDELITYBK (+4.42%), ZENITHBANK (+2.55%) and UBA (+2.52%).
- NSE Oil & Gas Index: Decreased by 0.33%, due to the sell-off in OANDO (-3.45%).
- NSE Industrial Index: Declined by 0.17%, due to the loss in WAPCO (-2.22%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.30
| 2.47%
| 3.11%
|
2
| DANGCEM
| 195.00
| 0.00%
| 6.56%
|
3
| FBNH
| 7.00
| 0.00%
| 2.19%
|
4
| FIDELITYBK
| 2.60
| 4.42%
| 5.26%
|
5
| GUARANTY
| 33.95
| 1.19%
| 3.19%
|
6
| MTNN
| 155.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.15
| 2.52%
| 1.88%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.10
| 2.55%
| 6.17%
|
10
| OKOMUOIL
| 88.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains recorded in the Consumer Goods and Banking 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 in the medium to long run.
