November 30, 2020/InvestmentOne Update
The Nigerian equities market closed up today as NSE-ASI gained 0.45% to close at 35,042.14pts.
However, market breadth index was negative with 17 gainers against 29 losers .
AIRTELAFRI (+10.00%) led the gainer’s chart today, while NNFM (-10.00%) was the top loser.
MULTIVERSE was the most actively traded stock with about 84million units of shares worth about N17million.
Sector Performances
- NSE Banking Index: Lost 2.49%, due to the declines in GUARANTY (-5.14%), ETI (-2.33%), ZENITHBANK (-1.84%), WEMABANK (-1.43%) and UBA (-1.19%).
- NSE Industrial Index: Declined by 0.68%, as a result of the loss in BUACEMENT (-1.79%).
- NSE Consumer Goods Index: Shed 0.44%, as a result of sell-offs in NNFM (-10.00%), UNILEVER (-5.82%) and PZ (-2.91%) .
- NSE Oil & Gas Index: Inched up by 0.01% due to the gain in OANDO (+0.67%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 8.60
| 0.00%
| 0.00%
|
2
| DANGCEM
| 205.00
| 0.00%
| 0.00%
|
3
| FBNH
| 7.20
| -2.70%
| -2.70%
|
4
| FIDELITYBK
| 2.60
| 0.00%
| 0.00%
|
5
| GUARANTY
| 33.20
| -5.14%
| -5.14%
|
6
| MTNN
| 155.20
| 0.13%
| 0.13%
|
7
| UBA
| 8.30
| -1.19%
| -1.19%
|
8
| SEPLAT
| 400.70
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 24.00
| -1.84%
| -1.84%
|
10
| OKOMUOIL
| 80.00
| 0.00%
| 0.00%
|
The equities market gained today due to the buy-interest in AIRTELAFRI (+10.00%). 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.
