November 17, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 1.53% to close at 34,242.83pts.
In today’s trade, market breadth index was negative with 30 losers against 17 gainers.
BOCGAS (+9.96%) led the gainer’s chart today, while WAPIC (-10.00%) was the top loser.
UAC-PROP (-1.08%) was the most actively traded stock with about 8.52billion units of shares worth about N5.96billion.
Sector Performances
- NSE Industrial Index: Fell by 3.33% due to the loss in DANGCEM (-6.45%).
- NSE Consumer Goods Index: Declined by 3.21%, as a result of the sell-offs in CADBURY (-9.85%), HONYFLOUR (-8.62%) and NB (-6.90%).
- NSE Oil & Gas Index: Shed 0.87%, on the back of the losses in OANDO (-10.00%) and ETERNA (-5.43%).
- NSE Banking Index: Lost 0.75%, due to the profit taking in STERLNBANK (-3.55%), ACCESS (-3.45%), WEMABANK (-1.32%) and ZENITHBANK (-0.38%)
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.40
| -3.45%
| -8.20%
|
2
| DANGCEM
| 187.10
| -6.45%
| -6.45%
|
3
| FBNH
| 7.65
| 0.66%
| -7.27%
|
4
| FIDELITYBK
| 2.67
| 2.30%
| -7.61%
|
5
| GUARANTY
| 37.00
| 2.78%
| 1.65%
|
6
| MTNN
| 155.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.40
| 0.00%
| -8.70%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 25.90
| -0.38%
| -4.60%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market lost today due to the profit taking 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.
