November 24, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.65% to close at 34,119.74pts.
In today’s trade, market breadth index was positive with 25 gainers against 16 losers .
UCAP (+9.52%) led the gainer’s chart today, while ETERNA (-9.98%) was the top loser.
ZENITHBANK (-0.21%) was the most actively traded stock with about 72million units of shares worth about N1.73billion.
Sector Performances
- NSE Banking Index: Advanced by 2.18%, due to the gains in FIDELITYBK (+9.47%), STERLNBANK (+7.61%), UBN (+7.27%), UBA (+6.49%) and ACCESS (+5.70%) .
- NSE Consumer Goods Index: Rose by 0.10%, as a result of the buy interests in HONYFLOUR (+5.56%) and DANGSUGAR (+1.56%).
- NSE Industrial Index: Advanced by 0.06% due to the gain in WAPCO (+0.91%).
- NSE Oil & Gas Index: Inched up by 0.03% as a result of the buy-interest in OANDO (+0.35%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.35
| 5.70%
| -2.91%
|
2
| DANGCEM
| 199.80
| 0.00%
| 3.42%
|
3
| FBNH
| 7.15
| 6.72%
| -1.38%
|
4
| FIDELITYBK
| 2.66
| 9.47%
| 3.91%
|
5
| GUARANTY
| 34.10
| 0.15%
| -3.54%
|
6
| MTNN
| 153.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.20
| 6.49%
| 0.00%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.10
| -0.21%
| -5.86%
|
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.
