December 18, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.56% to close at 36,804.75pts. WTD performance printed at 7.46%.
Similarly, market breadth index was positive with 32 gainers against 7 losers.
CUTIX (+9.88%) led the gainer’s chart today, while CILEASING (-9.83%) was the top loser.
NIGERINS was the most actively traded stock with about 130million units of shares worth about N26million.
Sector Performances
- NSE Industrial Index: Gained by 2.51%, due to the increase in DANGCEM (+4.75%) and WAPCO (+0.46%).
- NSE Oil & Gas Index: Increased by 1.30%, due to the gains in OANDO (+9.79%) and ARDOVA (+7.92%).
- NSE Banking Index: Closed up by 0.36%, on the back of buy interest in FCMB (+5.59%), ACCESS (+2.44%), and ETI (+0.76%).
- NSE Consumer Goods Index: Rose by 0.12%, as a result of the uptrend in PZ (+2.04%) and DANGSUGAR (+0.28%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.55
| 2.40%
| 6.21%
|
2
| DANGCEM
| 209.50
| 4.75%
| 14.48%
|
3
| FBNH
| 7.10
| 1.43%
| 3.65%
|
4
| FIDELITYBK
| 2.55
| 0.39%
| 3.24%
|
5
| GUARANTY
| 33.75
| 0.00%
| 2.58%
|
6
| MTNN
| 160.00
| 3.23%
| 3.23%
|
7
| UBA
| 8.30
| 0.00%
| 3.75%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.80
| 0.20%
| 9.25%
|
10
| OKOMUOIL
| 91.00
| 0.00%
| 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.
