October 22, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained by 0.40% to close at 28,563.87pts.
In today’s trade, market breadth index was positive with 21 gainers against 12 losers.
UACN (+8.33%) led the gainer’s chart today, while WAPIC (-9.09%) was the top loser.
GUARANTY (+1.33%) was the most actively traded stock with about 78million units of shares worth about N2.34billion.
Sector Performances
- NSE Industrial Index: Advanced by 0.15%, on the back of gain in WAPCO (+2.02%).
- NSE Oil & Gas Index: Lost 0.07%, due to the decline in OANDO (-0.87%).
- NSE Consumer Goods Index: Was down by 0.06%, due to negative sentiment in INTBREW (-2.95%) and GUINNESS (-0.31%).
- NSE Banking Index: Declined by 0.03%, as a result of the sell-offs in FIDELITYBK (-2.50%), FBNH (-0.82%), ZENITHBANK (-0.72%), and ACCESS (-0.65%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.65
| -0.65%
| -3.77%
|
2
| DANGCEM
| 150.00
| 0.00%
| 0.00%
|
3
| FBNH
| 6.05
| -0.82%
| -5.47%
|
4
| FIDELITYBK
| 1.95
| -2.50%
| -6.25%
|
5
| GUARANTY
| 30.00
| 0.00%
| -1.15%
|
6
| MTNN
| 140.00
| 1.45%
| 0.00%
|
7
| UBA
| 6.80
| 3.03%
| -5.56%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 20.65
| -0.72%
| -4.18%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed up today due to positive sentiment in the Industrial sector and MTN. 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.
