December 31, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.92% to close at 40,270.72pts. Similarly, the market closed 50.03%YTD.
However, market breadth index was negative today with 18 gainers against 24 losers.
BOCGAS (+10.00%) led the gainer’s chart today, while FTNCOCOA (-9.59%) was the top loser.
AIICO (-8.87%) was the most actively traded stock with about 206million units of shares worth about N234million.
Sector Performances
- NSE Industrial Index: Gained 3.90% due to the buy-interests in BUACEMENT (+9.87%) and WAPCO (+0.24%).
- NSE Oil & Gas Index: Advanced by 0.65% due to the gain in OANDO (+5.71%).
- NSE Banking Index: Fell by 0.89% on the back of the losses in ETI (-7.69%), ACCESS (-3.43%), FIDELITYBK (-0.79%) and ZENITHBANK (-0.60%).
- NSE Consumer Goods Index: Declined by 0.80% as a result of the sell-offs in INTBREW (-8.32%), UACN (-3.33%), HONYFLOUR (-3.23%) and DANGSUGAR (-1.68%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.45
| -3.43%
| -1.74%
| -15.50%
|
2
| DANGCEM
| 244.90
| -0.04%
| -0.04%
| 72.46%
|
3
| FBNH
| 7.15
| -0.69%
| 0.70%
| 16.26%
|
4
| FIDELITYBK
| 2.52
| -0.79%
| -1.18%
| 22.93%
|
5
| GUARANTY
| 32.35
| -0.46%
| -1.37%
| 8.92%
|
6
| MTNN
| 169.90
| 6.19%
| 6.19%
| 61.81%
|
7
| UBA
| 8.65
| 1.17%
| 2.37%
| 20.98%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
| -38.84%
|
9
| ZENITHBANK
| 24.80
| -0.60%
| 1.22%
| 33.33%
|
10
| OKOMUOIL
| 91.00
| 0.00%
| 0.00%
| 63.67%
|
11
| BUACEMENT
| 77.35
| 9.87%
| 28.92%
| 365.96%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 184.98%
|
Performance of Sectors for the year
Index
| 2019
| 2020
| Year to date change (%)
|
NSE-ASI
| 26842.10
| 40270.72
| 50.03%
|
BANKING
| 356.84
| 393.02
| 10.14%
|
CONSUMER GOODS
| 592.85
| 573.35
| -3.29%
|
INDUSTRIAL
| 1075.60
| 2052.33
| 90.81%
|
INSURANCE
| 125.82
| 189.50
| 50.61%
|
OIL & GAS
| 262.54
| 226.20
| -13.84%
|
The equities market closed up today due to the gains recorded in the Industrial and Oil & Gas names. Overall, equities performance in 2020 was driven by lower interest rates in the FI space amidst high system liquidity as investors chased positive real return on investment. While we believe the risk-off sentiment on the back of uncertainty around 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.
