Nigerian Equities Market Extend Gains as NSE-ASI Rises +0.10% on Buy-Interest

November 26, 2020/InvestmentOne Report

The Nigerian equities market closed up today as NSE-ASI gained 0.10% to close at 34,803.00pts. 

In today’s trade, market breadth index was somewhat flat with 20 gainers against 21 losers .

NCR (+10.00%) led the gainer’s chart today, while ROYALEX (-7.69%) was the top loser.

ZENITHBANK was the most actively traded stock with about 40million units of shares worth about N999million.

Sector Performances

  • NSE Oil & Gas Index: Gained  2.77% as a result of the buy-interests in MOBIL (+9.89%) and OANDO (+9.23%). 
  • NSE Consumer Goods Index: Rose by 0.61%, as a result of positive sentiment in INTBREW (+9.62%), CADBURY (+9.09%), GUINNESS (+7.22%) and FLOURMILL (+0.36%). 
  • NSE Banking Index:  Advanced by 0.02%, due to the gain in GUARANTY (+2.61%) . 
  • NSE Industrial Index: Closed flat. 

Performance of key stocks

S/N

 

Stock

 

Current Price (N)

 

1-day change (%)

 

Week to date change (%)

 

1

 

ACCESS

 

8.50

 

-0.58%

 

-1.16%

 

2

 

DANGCEM

 

205.00

 

0.00%

 

6.11%

 

3

 

FBNH

 

7.25

 

-2.68%

 

0.00%

 

4

 

FIDELITYBK

 

2.60

 

-5.11%

 

1.56%

 

5

 

GUARANTY

 

35.40

 

2.61%

 

0.14%

 

6

 

MTNN

 

153.00

 

0.00%

 

0.00%

 

7

 

UBA

 

8.25

 

-2.94%

 

0.61%

 

8

 

SEPLAT

 

400.70

 

0.00%

 

0.00%

 

9

 

ZENITHBANK

 

24.50

 

0.00%

 

-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.

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