November 5, 2020/InvestmentOne Report
The Nigerian equities market closed somewhat flat today as NSE-ASI shed 0.01% to close at 30,738.92pts.
In today’s trade, market breadth index was somewhat positive with 18 gainers against 17 losers.
TRANSCORP (+9.86%) led the gainer’s chart today, while LINKASSURE (-8.89%) was the top loser.
FBNH (+2.38%) was the most actively traded stock with about 61million units of shares worth about N391million.
Sector Performances
- NSE Consumer Goods Index: Declined by 0.53%, due to the sell-offs in INTBREW (-5.80%), HONYFLOUR (-3.92%), FLOURMILL (-2.82%) and GLAXOSMITH (-1.69%).
- NSE Banking Index: Advanced by 0.06%, due to the gains in UBA (+1.32%), GUARANTY (+0.62%) and ZENITHBANK (+0.23%) .
- NSE Oil & Gas Index: Gained 0.04%, due to the buy interests in JAPAULOIL (+4.17%)and OANDO (+0.36%).
- NSE Industrial 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
| 6.45
| 2.38%
| -0.77%
|
4
| FIDELITYBK
| 2.41
| 0.00%
| -3.98%
|
5
| GUARANTY
| 32.30
| 0.62%
| -0.62%
|
6
| MTNN
| 144.00
| 0.00%
| 0.00%
|
7
| UBA
| 7.70
| 1.32%
| 0.00%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 21.90
| 0.23%
| -0.90%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market declined marginally today due to the losses in Consumer names. 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.
