December 21, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.74% to close at 37,443.40pts.
Market breadth index was flat with 23 gainers against 23 losers.
BOCGAS (+10.00%) led the gainer’s chart today, while ETERNA (-9.89%) was the top loser.
MANSARD (+9.78%) was the most actively traded stock with about 90million units of shares worth about N91million.
Sector Performances
- NSE Industrial Index: Gained by 5.46%, due to the increase in DANGCEM (+9.98%).
- NSE Oil & Gas Index: Increased by 0.76%, due to the gains in OANDO (+9.87%) and JAPAULGOLD (+8.82%).
- NSE Banking Index: Closed down by 1.05%, on the back of profit taking in UNITYBNK (-5.24%), ZENITHBANK (-2.02%), ETI (-1.52%) and FBNH (-1.41%).
- NSE Consumer Goods Index: Declined by 0.14%, as a result of the sell-off in INTBREW (-2.71%) and DANGSUGAR (-0.28%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.45
| -1.17%
| -1.17%
|
2
| DANGCEM
| 230.40
| 9.98%
| 9.98%
|
3
| FBNH
| 7.00
| -1.41%
| -1.41%
|
4
| FIDELITYBK
| 2.55
| 0.00%
| 0.00%
|
5
| GUARANTY
| 33.50
| -0.74%
| -0.74%
|
6
| MTNN
| 160.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.20
| -1.20%
| -1.20%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.30
| -2.02%
| -2.02%
|
10
| OKOMUOIL
| 91.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains recorded in the Industrial and Oil & Gas 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.
