October 28, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained by 1.58% to close at 29,437.60pts.
In today’s trade, market breadth index was strongly positive with 41 gainers against 5 losers.
NESTLE (+10.00%) led the gainer’s chart today, while ROYALEX (-8.00%) was the top loser.
ZENITHBANK (+0.23%) was the most actively traded stock with about 47million units of shares worth about N1.00billion.
Sector Performances
- NSE Consumer Goods Index: Rose by 5.66%, due to positive sentiment in NESTLE (+10.00%), INTBREW (+9.84%), and FLOURMILL (+6.42%).
- NSE Oil & Gas Index: Gained 2.14%, due to the buy interests in CONOIL (+9.80%) , OANDO (+9.78%) and ARDOVA (+6.30%).
- NSE Banking Index: Increased by 1.18%, as a result of the gains in WEMABANK (+5.26%), FIDELITYBK (+5.05%), UBN (+3.81%), UBA (+2.78%), and ZENITHBANK (+0.23%).
- NSE Industrial Index: Advanced by 1.12%, on the back of the buy interest in PORTPAINT(+9.78%) and DANGCEM (+2.17%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.70
| 0.00%
| 0.00%
|
2
| DANGCEM
| 155.30
| 2.17%
| 2.85%
|
3
| FBNH
| 6.35
| 3.25%
| 4.10%
|
4
| FIDELITYBK
| 2.29
| 5.05%
| 13.37%
|
5
| GUARANTY
| 31.25
| 0.00%
| 2.63%
|
6
| MTNN
| 140.00
| 0.00%
| 0.00%
|
7
| UBA
| 7.40
| 2.78%
| 4.96%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 21.50
| 0.23%
| 2.38%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed up today due to positive sentiment in all 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.
