November 19, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.50% to close at 34,643.65pts.
In today’s trade, market breadth index was negative with 19 gainers against 28 losers .
BOCGAS (+9.90%) led the gainer’s chart today, while PRESCO (-9.97%) was the top loser.
TRANSCORP was the most actively traded stock with about 51million units of shares worth about N54million.
Sector Performances
- NSE Consumer Goods Index: Advanced by 0.44%, as a result of the buy interests in NB (+4.31%), HONYFLOUR (+3.45%), INTBREW (+0.71%) and GUINNESS (+0.25%).
- NSE Industrial Index: Rose by 0.33% due to the gains in PORTPAINT (+8.78%) and WAPCO (+4.15%).
- NSE Banking Index: Declined by 2.66%, due to the profit taking in FIDELITYBK (-7.02%), UBN (-3.39%), GUARANTY (-3.24%) and UBA (-2.87%) .
- NSE Oil & Gas Index: Closed flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.70
| -0.57%
| -4.92%
|
2
| DANGCEM
| 195.00
| 0.00%
| -2.50%
|
3
| FBNH
| 7.65
| -1.29%
| -7.27%
|
4
| FIDELITYBK
| 2.65
| -7.02%
| -8.30%
|
5
| GUARANTY
| 35.80
| -3.24%
| -1.65%
|
6
| MTNN
| 155.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.45
| -2.87%
| -8.15%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 26.05
| -2.43%
| -4.05%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market lost today due to the sell-offs in Banking 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.
