January 7, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.31% to close at 40,590.85pts.
Similarly, market breadth index was positive with 27 gainers against 14 losers.
SEPLAT (+10.00%) led the gainer’s chart today, while SOVRENINS (-9.09%) was the top loser.
CHAMPION (+9.41%) was the most actively traded stock with about 1.91billion units of shares worth about N4.95billion.
Sector Performances .
- NSE Oil & Gas Index: Jumped 5.65% due to the gains in SEPLAT (+10.00%), ARDOVA (+9.96%) and OANDO (+1.47%).
- NSE Consumer Goods Index: Gained 0.75% as a result of the positive sentiment in CHAMPION (+9.41%), DANGSUGAR (+3.83%), NB (+3.57%) and HONYFLOUR (+2.50%).
- NSE Banking Index: Advanced by 0.53% on the back of the buy-interests in WEMABANK (+4.23%), GUARANTY (+1.54%) and ZENITHBANK (+0.80%).
- NSE Industrial Index: Closed flat
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
| 7.35
| 1.38%
| 2.80%
| 2.80%
|
4
| FIDELITYBK
| 2.57
| 0.00%
| 1.98%
| 1.98%
|
5
| GUARANTY
| 33.00
| 1.54%
| 2.01%
| 2.01%
|
6
| MTNN
| 165.20
| 0.00%
| -2.77%
| -2.77%
|
7
| UBA
| 8.60
| 0.00%
| -0.58%
| -0.58%
|
8
| SEPLAT
| 451.00
| 10.00%
| 12.11%
| 12.11%
|
9
| ZENITHBANK
| 25.30
| 0.80%
| 2.02%
| 2.02%
|
10
| OKOMUOIL
| 90.00
| 0.00%
| -1.10%
| -1.10%
|
11
| BUACEMENT
| 80.00
| 0.00%
| 3.43%
| 3.43%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains 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.
