December 17. 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 2.10% to close at 36,239.62pts.
Similarly, market breadth index was positive with 30 gainers against 17 losers.
AIRTELAFRI (+10.00%) led the gainer’s chart today, while OMATEK (-9.09%) was the top loser.
FBNH was the most actively traded stock with about 99million units of shares worth about N700million.
Sector Performances
- NSE Industrial Index: Gained by 1.28%, due to the increase in DANGCEM (+2.56%).
- NSE Banking Index: Closed up by 1.11%, on the back of buy interest in ETI (+3.97%), UBN (+3.77%), ZENITHBANK (+2.70%), UBA (+1.84%) and ACCESS (+0.60%).
- NSE Oil & Gas Index: Increased by 0.62%, due to the gains in ARDOVA (+9.96%) and OANDO (+2.14%).
- NSE Consumer Goods Index: Rose by 0.23%, as a result of the gains in UNILEVER (+9.54%), HONYFLOUR (+4.76%) and DANGSUGAR (+0.28%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.35
| 0.60%
| 3.73%
|
2
| DANGCEM
| 200.00
| 2.56%
| 9.29%
|
3
| FBNH
| 7.00
| 0.00%
| 2.19%
|
4
| FIDELITYBK
| 2.54
| -2.31%
| 2.83%
|
5
| GUARANTY
| 33.75
| -0.59%
| 2.58%
|
6
| MTNN
| 155.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.30
| 1.84%
| 3.75%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.75
| 2.70%
| 9.03%
|
10
| OKOMUOIL
| 91.00
| 3.41%
| 3.41%
|
The equities market closed up today due to the gains recorded in major 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.
