January 8, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 1.16% to close at 40,120.22pts. Similarly, the Index lost 0.37%WTD.
However, market breadth index was positive with 39 gainers against 11 losers.
SEPLAT (+10.00%) led the gainer’s chart today, while DANGCEM (-8.13%) was the top loser.
ACCESS (+2.84%) was the most actively traded stock with about 35million units of shares worth about N315million.
Sector Performances .
- NSE Industrial Index: Lost 4.02% as a result of the profit taking in DANGCEM (-8.13%) and WAPCO (-0.45%).
- NSE Oil & Gas Index: Jumped 6.98% due to the gains in SEPLAT (+10.00%), TOTAL (+10.00%), ARDOVA (+9.73%) and OANDO (+2.90%).
- NSE Banking Index: Advanced by 1.31% on the back of the buy-interests in ETI (+3.12%), STERLNBANK (+3.06%), UBA (+2.91%) and ACCESS (+2.84%).
- NSE Consumer Goods Index: Gained 0.42% as a result of the positive sentiment in CHAMPION (+9.68%), UACN (+5.63%), INTBREW (+2.99%) and GUINNESS (+2.77%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 9.05
| 2.84%
| 7.10%
| 7.10%
|
2
| DANGCEM
| 225.00
| -8.13%
| -8.13%
| -8.13%
|
3
| FBNH
| 7.45
| 1.36%
| 4.20%
| 4.20%
|
4
| FIDELITYBK
| 2.62
| 1.95%
| 3.97%
| 3.97%
|
5
| GUARANTY
| 33.00
| 0.00%
| 2.01%
| 2.01%
|
6
| MTNN
| 165.20
| 0.00%
| -2.77%
| -2.77%
|
7
| UBA
| 8.85
| 2.91%
| 2.31%
| 2.31%
|
8
| SEPLAT
| 496.10
| 10.00%
| 23.32%
| 23.32%
|
9
| ZENITHBANK
| 25.65
| 1.38%
| 3.43%
| 3.43%
|
10
| OKOMUOIL
| 92.50
| 2.78%
| 1.65%
| 1.65%
|
11
| BUACEMENT
| 80.00
| 0.00%
| 3.43%
| 3.43%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed down today due to the profit taking in Industrial names. 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.
