November 18, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.68% to close at 34,818.01pts.
In today’s trade, market breadth index was positive with 38 gainers against 8 losers .
STERLNBANK (+10.00%) led the gainer’s chart today, while CORNERST (-8.62%) was the top loser.
TRANSCORP (-4.55%) was the most actively traded stock with about 160million units of shares worth about N172million.
Sector Performances
- NSE Consumer Goods Index: Advanced by 2.98%, as a result of the buy interests in HONYFLOUR (+9.43%), INTBREW (+7.80%) and NB (+7.41%).
- NSE Industrial Index: Rose by 2.81% due to the gains in WAPCO (+9.55%) and DANGCEM (+4.22%).
- NSE Banking Index: Gained 2.53%, due to the positive sentiment in STERLNBANK (+10.00%), ETI (+8.59%), FIDELITYBK (+6.74%) and ACCESS (+4.17%) .
- NSE Oil & Gas Index: Shed 0.15%, on the back of the loss in ARDOVA (-6.25%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.75
| 4.17%
| -4.37%
|
2
| DANGCEM
| 195.00
| 4.22%
| -2.50%
|
3
| FBNH
| 7.75
| 1.31%
| -6.06%
|
4
| FIDELITYBK
| 2.85
| 6.74%
| -1.38%
|
5
| GUARANTY
| 37.00
| 0.00%
| 1.65%
|
6
| MTNN
| 155.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.70
| 3.57%
| -5.43%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 26.70
| 3.09%
| -1.66%
|
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.
