November 2, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.17% to close at 30,479.39pts.
In today’s trade, market breadth index was negative with 22 gainers against 26 losers.
LIVESTOCK (+9.88%) led the gainer’s chart today, while CILEASING (-10.00%) was the top loser.
FIDELITYBK (-2.79%) was the most actively traded stock with about 50million units of shares worth about N122million.
Sector Performances
- NSE Oil & Gas Index: Declined by 1.21%, due to the losses in OANDO (-6.55%), MOBIL (-3.11%), and ETERNA (-2.91%).
- NSE Banking Index: Lost 0.78%, as a result of the sell-offs in WEMABANK (-4.69%), FIDELITYBK (-2.79%), UBN (-2.68%), UBA (-1.30%), and ZENITHBANK (-0.68%).
- NSE Industrial Index: Shed 0.06%, on the back of the loss in WAPCO (-0.80%).
- NSE Consumer Goods Index: Rose by 0.57%, due to the gains in DANGSUGAR (+9.78%), NASCON (+6.49%), HONYFLOUR (+4.12%) and FLOURMILL (+2.49%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.95
| 0.63%
| 0.63%
|
2
| DANGCEM
| 160.00
| 0.00%
| 0.00%
|
3
| FBNH
| 6.40
| -1.54%
| -1.54%
|
4
| FIDELITYBK
| 2.44
| -2.79%
| -2.79%
|
5
| GUARANTY
| 32.50
| 0.00%
| 0.00%
|
6
| MTNN
| 144.00
| 0.00%
| 0.00%
|
7
| UBA
| 7.60
| -1.30%
| -1.30%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 21.95
| -0.68%
| -0.68%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed down today due to profit taking in most 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.
