November 10, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.25% to close at 32,647.10pts.
In today’s trade, market breadth index was positive with 39 gainers against 11 losers.
NEIMETH (+10.00%) led the gainer’s chart today, while ABCTRANS (-8.82%) was the top loser.
ZENITHBANK (+2.30%) was the most actively traded stock with about 69million units of shares worth about N1.62billion.
Sector Performances
- NSE Oil & Gas Index: Advanced by 1.32%, on the back of the gains in OANDO (+9.76%) and ARDOVA (+7.06%).
- NSE Banking Index: Increased by 0.93%, due to the positive sentiment in WEMABANK (+8.70%), ETI (+3.33%), ACCESS (+2.30%) and ZENITHBANK (+2.30%) .
- NSE Consumer Goods Index: Advanced by 0.75%, as a result of the gains in CADBURY (+10.00%), NASCON (+9.96%), NNFM (+9.92%) and DANGSUGAR (+7.18%).
- NSE Industrial Index: Rose by 0.22% due to the buy interest in BUACEMENT (+1.11%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.90
| 2.30%
| 8.54%
|
2
| DANGCEM
| 185.00
| 0.00%
| 6.02%
|
3
| FBNH
| 7.10
| 0.00%
| 3.65%
|
4
| FIDELITYBK
| 2.78
| -1.07%
| 8.59%
|
5
| GUARANTY
| 35.00
| -0.71%
| 4.48%
|
6
| MTNN
| 156.20
| 4.06%
| 8.47%
|
7
| UBA
| 8.80
| 0.00%
| 7.98%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.50
| 2.30%
| 9.87%
|
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.
