November 6, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.90% to close at 31,016.17pts.
In today’s trade, market breadth index was positive with 31 gainers against 11 losers.
ETI (+9.80%) led the gainer’s chart today, while MANSARD (-9.09%) was the top loser.
OMOMORBNK was the most actively traded stock with about 139million units of shares worth about N84million.
Sector Performances
- NSE Banking Index: Advanced by 3.39%, due to the gains in ETI (+9.80%), WEMABANK (+6.67%), FIDELITYBK (+6.22%) and UBA (+5.84%) .
- NSE Consumer Goods Index: Gained 0.60%, as a result of the buy interests in NNFM (+8.70%), DANGSUGAR (+6.11%), UACN (+6.00%) and GUINNESS (+5.74%).
- NSE Industrial Index: Inched up by 0.05% due to the gains in WAPCO (+4.84%) and DANGCEM (+3.25%).
- NSE Oil & Gas Index: Lost 0.21%, on the back of the sell-offs in JAPAULOIL (-8.00%) and OANDO (-2.17%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.20
| 2.50%
| 3.80%
|
2
| DANGCEM
| 174.50
| 3.25%
| 9.06%
|
3
| FBNH
| 6.85
| 6.20%
| 5.38%
|
4
| FIDELITYBK
| 2.56
| 6.22%
| 1.99%
|
5
| GUARANTY
| 33.50
| 3.72%
| 3.08%
|
6
| MTNN
| 144.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.15
| 5.84%
| 5.84%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 22.30
| 1.83%
| 0.90%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market gained today due to the buy interests 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.
