December 30, 2020/Investmentone Report
The Nigerian equities market closed up today as NSE-ASI gained 1.03% to close at 39,512.31pts.
Similarly, market breadth index was positive with 24 gainers against 19 losers.
BUACEMENT (+10.00%) led the gainer’s chart today, while FTNCOCOA (-9.88%) was the top loser.
UBA (+0.59%) was the most actively traded stock with about 61million units of shares worth about N525million.
Sector Performances
- NSE Industrial Index: Gained 3.74% due to the buy-interests in BUACEMENT (+10.00%) and CUTIX (+4.55%).
- NSE Consumer Goods Index: Rose by 0.36% as a result of the gain in INTBREW (+10.00%).
- NSE Banking Index: Fell by 0.71% on the back of losses in UBN (-5.36%), ACCESS (-2.23%), FIDELITYBK (-0.78%) and GUARANTY (-0.61%).
- NSE Oil & Gas Index: Shed 0.39% due to the sell-off in OANDO (-3.31%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.75
| -2.23%
| 1.74%
|
2
| DANGCEM
| 245.00
| 0.00%
| 0.00%
|
3
| FBNH
| 7.20
| 1.41%
| 1.41%
|
4
| FIDELITYBK
| 2.54
| -0.78%
| -0.39%
|
5
| GUARANTY
| 32.50
| -0.61%
| -0.91%
|
6
| MTNN
| 160.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.55
| 0.59%
| 1.18%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.95
| -0.20%
| 1.84%
|
10
| OKOMUOIL
| 91.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains recorded in the Industrial and Consumer names. 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.
