November 13, 2020/InvestmentOne Report
The Nigerian equities market closed down today after a 5-day bullish run as NSE-ASI lost 0.86% to close at 35,037.46pts. However, the Index is up 12.97%WTD.
In today’s trade, market breadth index was negative with 38 losers against 26 gainers.
JAPAULOIL (+10.00%) led the gainer’s chart today, while UPL (-10.00%) was the top loser.
TRANSCORP (-6.50%) was the most actively traded stock with about 192million units of shares worth about N240million.
Sector Performances
- NSE Banking Index: Lost 5.35%, due to the profit taking in STERLNBANK (-9.92%), ACCESS (-8.50%), UBN (-7.46%) and ETI (-6.85%) .
- NSE Oil & Gas Index: Shed 0.31%, on the back of the loss in ARDOVA (-9.76%).
- NSE Industrial Index: Rose by 0.63% due to the gains in BUACEMENT (+1.66%) and WAPCO (+0.63%).
- NSE Consumer Goods Index: Inched up by 0.07%, as a result of the buy interests in PZ (+9.52%), HONYFLOUR (+9.40%) and DANGSUGAR (+3.98%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 9.15
| -8.50%
| 11.59%
|
2
| DANGCEM
| 200.00
| 0.00%
| 14.61%
|
3
| FBNH
| 8.25
| -1.79%
| 20.44%
|
4
| FIDELITYBK
| 2.89
| -5.86%
| 12.89%
|
5
| GUARANTY
| 36.40
| -4.71%
| 8.66%
|
6
| MTNN
| 155.00
| -4.32%
| 7.64%
|
7
| UBA
| 9.20
| -5.64%
| 12.88%
|
8
| SEPLAT
| 420.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 27.15
| -3.55%
| 21.75%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market lost today due to the profit taking in Banking and Oil & Gas 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.
