November 11, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.90% to close at 33,268.36pts.
In today’s trade, market breadth index was positive with 51 gainers against 7 losers.
FIDSON (+10.00%) led the gainer’s chart today, while LEARNAFRCA (-4.76%) was the top loser.
FBNH (+8.45%) was the most actively traded stock with about 145million units of shares worth about N1.08billion.
Sector Performances
- NSE Banking Index: Increased by 4.07%, due to the gains in STERLNBANK (+10.00%), WEMABANK (+9.33%), ETI (+7.26%) and UBN (+5.17%) .
- NSE Consumer Goods Index: Advanced by 2.56%, as a result of the buy interests in GUINNESS (+10.00%), NASCON (+9.71%), NB (+9.52%) and PZ (+9.09%).
- NSE Oil & Gas Index: Advanced by 1.27, on the back of the positive sentiment in OANDO (+9.82%), JAPAULOIL (+7.69%) and ARDOVA (+3.82%).
- NSE Industrial Index: Rose by 1.14% due to the gains in WAPCO (+3.81%) and BUACEMENT (+2.42%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 9.30
| 4.49%
| 13.41%
|
2
| DANGCEM
| 185.00
| 0.00%
| 6.02%
|
3
| FBNH
| 7.70
| 8.45%
| 12.41%
|
4
| FIDELITYBK
| 2.85
| 2.52%
| 11.33%
|
5
| GUARANTY
| 36.00
| 2.86%
| 7.46%
|
6
| MTNN
| 160.00
| 2.43%
| 11.11%
|
7
| UBA
| 9.10
| 3.41%
| 11.66%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 25.60
| 4.49%
| 14.80%
|
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.
