November 12, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 6.23% to close at 35,342.46pts.
In today’s trade, market breadth index was positive with 65 gainers against 8 losers.
AIRTELAFRI (+10.00%) led the gainer’s chart today, while GSPECPLC (-9.89%) was the top loser.
ZENITHBANK (+9.96%) was the most actively traded stock with about 161million units of shares worth about N4.46billion.
Sector Performances
- NSE Industrial Index: Rose by 8.65% due to the gains in BUACEMENT (+10.00%), CUTIX (+10.00%), WAPCO (+9.86%) and DANGCEM (+8.11%).
- NSE Banking Index: Increased by 7.94%, due to the positive sentiment in STERLNBANK (+10.00%), ZENITHBANK (+9.96%), UBN (+9.84%) and WEMABANK (+9.76%) .
- NSE Consumer Goods Index: Advanced by 5.81%, as a result of the buy interests in CADBURY (+10.00%), NNFM (+10.00%), CHAMPION (+9.89%), DANGSUGAR (+9.77%) and UNILEVER (+9.76%).
- NSE Oil & Gas Index: Advanced by 1.98%, on the back of the gains in OANDO (+9.78%), ARDOVA (+9.70%) and JAPAULOIL (+7.14%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 10.00
| 7.53%
| 21.95%
|
2
| DANGCEM
| 200.00
| 8.11%
| 14.61%
|
3
| FBNH
| 8.40
| 9.09%
| 22.63%
|
4
| FIDELITYBK
| 3.07
| 7.72%
| 19.92%
|
5
| GUARANTY
| 38.20
| 6.11%
| 14.03%
|
6
| MTNN
| 162.00
| 1.25%
| 12.50%
|
7
| UBA
| 9.75
| 7.14%
| 19.63%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 28.15
| 9.96%
| 26.23%
|
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.
