October 20, 2020/InvestmentOne Report
The Nigerian equities market closed somewhat flat today as NSE-ASI inched up by 0.03% to close at 28,665.82pts.
In today’s trade, market breadth index was positive with 23 gainers against 17 losers.
INTBREW (+9.90%) led the gainer’s chart today, while REGALINS (-8.33%) was the top loser.
UBA (-2.82%) was the most actively traded stock with about 72million units of shares worth about N507million.
Sector Performances
- NSE Consumer Goods Index: Advanced by 1.86%, as a result of the buy-interests in INTBREW (+9.90%), NB (+4.67%), FLOURMILL (+4.55%), and UACN (+4.48%).
- NSE Banking Index: Declined by 1.02%, as a result of the sell-offs in UBN (-3.03%), UBA (-2.82%), ACCESS (-2.52%) and GUARANTY (-1.30%).
- NSE Oil & Gas Index: Lost 0.89%, due to the decline in MOBIL (-4.60%).
- NSE Industrial Index: Shed 0.17%, on the back of loss in WAPCO (-2.16%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.75
| -2.52%
| -2.52%
|
2
| DANGCEM
| 150.00
| 0.00%
| 0.00%
|
3
| FBNH
| 6.30
| 0.00%
| -1.56%
|
4
| FIDELITYBK
| 2.04
| -0.97%
| -1.92%
|
5
| GUARANTY
| 30.40
| -1.30%
| 0.16%
|
6
| MTNN
| 140.00
| 0.00%
| 0.00%
|
7
| UBA
| 6.90
| -2.82%
| -4.17%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 21.05
| 0.24%
| -2.32%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market inched up today due to gains in Consumer Goods sector. 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 equities market still presents decent opportunities for investors chasing positive real return on investments.
