November 23, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.05% to close at 34,119.74pts.
In today’s trade, market breadth index was negative with 5 gainers against 46 losers .
AIRTELAFRI (+5.00%) led the gainer’s chart today, while CUSTODIAN (-10.00%) was the top loser.
ZENITHBANK (-5.66%) was the most actively traded stock with about 80million units of shares worth about N1.91billion.
Sector Performances
- NSE Banking Index: Declined by 4.72%, due to the profit taking in WEMABANK (-9.09%), ACCESS (-8.14%), UBA (-6.10%), ZENITHBANK (-5.66%) and FIDELITYBK (-5.08%) .
- NSE Consumer Goods Index: Fell by 2.07%, as a result of the sell-offs in HONYFLOUR (-10.00%), GUINNESS (-9.55%), PZ (-9.43%) and FLOURMILL (-8.43%).
- NSE Oil & Gas Index: Lost 1.62% as a result of the declines in ARDOVA (-10.00%) and OANDO (-9.97%).
- NSE Industrial Index: Advanced by 2.72% due to the buy-interests in BUACEMENT (+4.77%) and DANGCEM (+3.42%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 7.90
| -8.14%
| -8.14%
|
2
| DANGCEM
| 199.80
| 3.42%
| 3.42%
|
3
| FBNH
| 6.70
| -7.59%
| -7.59%
|
4
| FIDELITYBK
| 2.43
| -5.08%
| -5.08%
|
5
| GUARANTY
| 34.05
| -3.68%
| -3.68%
|
6
| MTNN
| 153.00
| 0.00%
| 0.00%
|
7
| UBA
| 7.70
| -6.10%
| -6.10%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.15
| -5.66%
| -5.66%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market lost today due to the sell-offs 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.
