November 25, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 1.25% to close at 34,769.00pts.
In today’s trade, market breadth index was positive with 36 gainers against 11 losers .
MAYBAKER (+10.00%) led the gainer’s chart today, while TRANSEXPR (-9.38%) was the top loser.
TRANSCORP (+9.78%) was the most actively traded stock with about 84million units of shares worth about N84million.
Sector Performances
- NSE Banking Index: Advanced by 1.59%, due to the gains in JAIZBANK (+7.58%), WEMABANK (+4.23%), UBA (+3.66%), FIDELITYBK (+3.01%) and ACCESS (+2.40%) .
- NSE Industrial Index: Gained 1.58% on the back of the positive sentiment in WAPCO (+3.37%) and DANGCEM (+2.60%).
- NSE Consumer Goods Index: Rose by 0.74%, as a result of the buy interests in FLOURMILL (+9.84%), PZ (+7.29%), DANGSUGAR (+5.90%) and HONYFLOUR (+3.51%).
- NSE Oil & Gas Index: Lost 0.56% as a result of the sell-off in OANDO (-6.55%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.55
| 2.40%
| -0.58%
|
2
| DANGCEM
| 205.00
| 2.60%
| 6.11%
|
3
| FBNH
| 7.45
| 4.20%
| 2.76%
|
4
| FIDELITYBK
| 2.74
| 3.01%
| 7.03%
|
5
| GUARANTY
| 34.50
| 1.17%
| -2.40%
|
6
| MTNN
| 153.00
| 0.00%
| 0.00%
|
7
| UBA
| 8.50
| 3.66%
| 3.66%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.50
| 1.66%
| -4.30%
|
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.
