January 5, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.83% to close at 40,396.14pts.
Similarly, market breadth index was negative with 34 losers against 16 gainers.
BOCGAS (+9.72%) led the gainer’s chart today, while OANDO (-10.00%) was the top loser.
TRANSCORP (-3.03%) was the most actively traded stock with about 69million units of shares worth about N65million.
Sector Performances
- NSE Banking Index: Fell by 2.98% on the back of the losses in FIDELITYBK (-6.86%), UBA (-5.08%), ZENITHBANK (-4.28%), WEMABANK (-4.00%) and GUARANTY (-2.84%).
- NSE Industrial Index: Lost 2.74% due to the sell-offs in BUACEMENT (-5.88%) and WAPCO (-2.40%).
- NSE Consumer Goods Index: Declined by 0.32% as a result of the negative sentiment in UACN (-4.70%), GUINNESS (-3.16%), FLOURMILL (-3.15%) and HONYFLOUR (-3.03%).
- NSE Oil & Gas Index: Shed 0.03% due to the loss in OANDO (-10.00%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.80
| 0.00%
| 4.14%
| 4.14%
|
2
| DANGCEM
| 244.90
| 0.00%
| 0.00%
| 0.00%
|
3
| FBNH
| 7.20
| -8.28%
| 0.70%
| 0.70%
|
4
| FIDELITYBK
| 2.58
| -6.86%
| 2.38%
| 2.38%
|
5
| GUARANTY
| 32.55
| -2.84%
| 0.62%
| 0.62%
|
6
| MTNN
| 165.20
| -2.77%
| -2.77%
| -2.77%
|
7
| UBA
| 8.40
| -5.08%
| -2.89%
| -2.89%
|
8
| SEPLAT
| 410.00
| 1.91%
| 1.91%
| 1.91%
|
9
| ZENITHBANK
| 24.60
| -4.28%
| -0.81%
| -0.81%
|
10
| OKOMUOIL
| 90.00
| -1.10%
| -1.10%
| -1.10%
|
11
| BUACEMENT
| 80.00
| -5.88%
| 3.43%
| 3.43%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed down today due to the sell-offs in most sectors. While we believe the risk-off sentiment on the back of uncertainty around 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 in the medium to long run.
