December 22, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.20% to close at 37,893.61pts.
However, market breadth index was negative with 15 gainers against 22 losers.
ETERNA (+10.00%) led the gainer’s chart today, while CHIPLC (-10.00%) was the top loser.
ZENITHBANK (+0.82%) was the most actively traded stock with about 59million units of shares worth about N1.44billion.
Sector Performances
- NSE Industrial Index: Gained by 3.35%, due to the increase in DANGCEM (+6.34%).
- NSE Banking Index: Closed up by 0.06%, on the back of gains in UBA (+2.44%), ACCESS (+1.18%), ZENITHBANK (+0.82%) and FCMB (+0.67%).
- NSE Oil & Gas Index: Decreased by 0.33%, due to the loss in OANDO (-2.90%).
- NSE Consumer Goods Index: Declined by 0.24%, as a result of the sell-offs in INTBREW (-3.28%), UNILEVER (-0.36%) 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
| 1.18%
| 0.00%
|
2
| DANGCEM
| 245.00
| 6.34%
| 16.95%
|
3
| FBNH
| 7.00
| 0.00%
| -1.41%
|
4
| FIDELITYBK
| 2.55
| 0.00%
| 0.00%
|
5
| GUARANTY
| 33.00
| -1.49%
| -2.22%
|
6
| MTNN
| 160.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.40
| 2.44%
| 1.20%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.50
| 0.82%
| -1.21%
|
10
| OKOMUOIL
| 91.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains recorded in the Industrial 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.
