January 4, 2021/InvestmentOne Report
The Nigerian equities market opened the year on a positive note as NSE-ASI gained 2.18% to close at 41,147.39pts.
Similarly, market breadth index was strongly positive today with 32 gainers against 2 losers.
TRANSCORP (+10.00%) led the gainer’s chart today, while FCMB (-6.01%) was the top loser.
AIICO (+6.19%) was the most actively traded stock with about 87million units of shares worth about N99million.
Sector Performances
- NSE Industrial Index: Gained 4.66% due to the buy-interests in BUACEMENT (+9.89%) and WAPCO (+9.03%).
- NSE Banking Index: Rose by 3.68% on the back of the gains in FIDELITYBK (+9.92%), WEMABANK (+8.70%), ETI (+8.33%), ACCESS (+4.14%) and ZENITHBANK (+3.63%).
- NSE Consumer Goods Index: Advanced by 1.41% as a result of the positive sentiment in INTBREW (+9.92%), VITAFOAM (+9.62%), DANGSUGAR (+5.11%) and FLOURMILL (+3.65%).
- NSE Oil & Gas Index: Inched up by 0.09% due to the gain in ETERNA (+5.88%).
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
| 4.14%
| 4.14%
| 4.14%
|
2
| DANGCEM
| 244.90
| 0.00%
| 0.00%
| 0.00%
|
3
| FBNH
| 7.85
| 9.79%
| 9.79%
| 9.79%
|
4
| FIDELITYBK
| 2.77
| 9.92%
| 9.92%
| 9.92%
|
5
| GUARANTY
| 33.50
| 3.55%
| 3.55%
| 3.55%
|
6
| MTNN
| 169.90
| 0.00%
| 0.00%
| 0.00%
|
7
| UBA
| 8.85
| 2.31%
| 2.31%
| 2.31%
|
8
| SEPLAT
| 402.30
| 0.00%
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 25.70
| 3.63%
| 3.63%
| 3.63%
|
10
| OKOMUOIL
| 91.00
| 0.00%
| 0.00%
| 0.00%
|
11
| BUACEMENT
| 85.00
| 9.89%
| 9.89%
| 9.89%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains recorded 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.
