October 30, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained by 3.71% to close at 30,530.69pts. Similarly, the Index gained 6.39%WTD
In today’s trade, market breadth index was strongly positive with 43 gainers against 11 losers.
NESTLE (+10.00%) led the gainer’s chart today, while PRESTIGE(-10.00%) was the top loser.
UBA (+4.05%) was the most actively traded stock with about 109million units of shares worth about N817million.
Sector Performances
- NSE Consumer Goods Index: Rose by 5.58%, due to positive sentiment in NESTLE (+10.00%), INTBREW (+10.00%), VITAFOAM (+7.26%) and UNILEVER (+5.70%).
- NSE Industrial Index: Advanced by 5.53%, on the back of the buy interest in CAP (+10.00%), BUACEMENT (+9.90%), PORTPAINT(+9.72%), WAPCO (+3.89%) and DANGCEM (+3.03%).
- NSE Banking Index: Increased by 3.48%, as a result of the gains in STERLNBANK (+9.94%), FIDELITYBK (+9.61%), GUARANTY (+4.00%), ZENITHBANK (+2.79%), and UBN (+2.75%).
- NSE Oil & Gas Index: Gained 3.07%, due to the buy interests in MOBIL (+9.98%), TOTAL (+9.25%), and OANDO (+2.23%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.90
| 2.60%
| 2.60%
|
2
| DANGCEM
| 160.00
| 3.03%
| 5.96%
|
3
| FBNH
| 6.50
| 2.36%
| 6.56%
|
4
| FIDELITYBK
| 2.51
| 9.61%
| 24.26%
|
5
| GUARANTY
| 32.50
| 4.00%
| 6.73%
|
6
| MTNN
| 144.00
| 2.86%
| 2.86%
|
7
| UBA
| 7.70
| 4.05%
| 9.22%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 22.10
| 2.79%
| 5.24%
|
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.
