November 4, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.03% to close at 30,741.88pts.
In today’s trade, market breadth index was positive with 12 gainers against 11 losers.
WAPIC (+10.00%) led the gainer’s chart today, while MBENEFIT (-4.76%) was the top loser.
ACCESS was the most actively traded stock with about 145million units of shares worth about N1.17billion.
Sector Performances
- NSE Oil & Gas Index: Gained 0.35%, due to the buy interest in JAPAULOIL (+4.35%).
- NSE Consumer Goods Index: Advanced by 0.05%, due to the gain in DANGSUGAR (+0.65%).
- NSE Industrial Index: Inched up by 0.03%, on the back of the gains in CAP (+3.14%) and WAPCO (+0.27%).
- NSE Banking Index: Closed Flat .
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.00
| 0.00%
| 1.27%
|
2
| DANGCEM
| 169.00
| 0.00%
| 5.62%
|
3
| FBNH
| 6.30
| -0.79%
| -3.08%
|
4
| FIDELITYBK
| 2.41
| 0.42%
| -3.98%
|
5
| GUARANTY
| 32.10
| 0.31%
| -1.23%
|
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
| 0.00%
| -1.13%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market inched up today due to the marginal gains 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.
