November 3, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.83% to close at 30,733.47pts.
In today’s trade, market breadth index was positive with 24 gainers against 18 losers.
WAPIC (+10.00%) led the gainer’s chart today, while NPFMCRFBK (-8.82%) was the top loser.
ZENITHBANK (-0.46%) was the most actively traded stock with about 41million units of shares worth about N896million.
Sector Performances
- NSE Industrial Index: Advanced by 2.85%, on the back of the gain in CAP (+9.58%), PORTPAINT (+5.67%) and DANGCEM (+5.62%).
- NSE Oil & Gas Index: Gained 0.62%, due to the buy interests in JAPAULOIL (+9.52%) and OANDO (+7.00%).
- NSE Banking Index: Lost 0.47%, as a result of the sell-offs in FIDELITYBK (-1.64%), GUARANTY (-1.54%) and ZENITHBANK (-0.46%).
- NSE Consumer Goods Index: Shed 0.13%, due to the losses in GUINNESS (-2.65%), FLOURMILL (-1.56%), UNILEVER (-1.44%) and INTBREW (-1.43%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.00
| 0.63%
| 1.27%
|
2
| DANGCEM
| 169.00
| 5.62%
| 5.62%
|
3
| FBNH
| 6.35
| -0.78%
| -2.31%
|
4
| FIDELITYBK
| 2.40
| -1.64%
| -4.38%
|
5
| GUARANTY
| 32.00
| -1.54%
| -1.54%
|
6
| MTNN
| 144.00
| 0.00%
| 0.00%
|
7
| UBA
| 7.60
| 0.00%
| -1.30%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 21.85
| -0.46%
| -1.13%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains in Industrial and Oil & Gas 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.
