January 11, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.08% to close at 40,150.78pts.
However, market breadth index was positive with 28 gainers against 24 losers.
ARDOVA (+9.79%) led the gainer’s chart today, while CUTIX (-10.00%) was the top loser.
MBENEFIT (+7.14%) was the most actively traded stock with about 104million units of shares worth about N31million.
Sector Performances .
- NSE Oil & Gas Index: Gained 0.85% due to the gains in ARDOVA (+9.79%) and OANDO (+4.23%).
- NSE Consumer Goods Index: Rose by 0.46% as a result of the positive sentiment in CHAMPION (+9.68%), UACN (+5.63%), INTBREW (+2.99%) and GUINNESS (+2.77%).
- NSE Banking Index: Advanced by 0.19% on the back of the buy-interests in FIDELITYBK (+2.29%), ZENITHBANK (+0.78%), UBA (+0.56%) and ACCESS (+0.55%).
- 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
| 9.10
| 0.55%
| 0.55%
| 7.69%
|
2
| DANGCEM
| 225.00
| 0.00%
| 0.00%
| -8.13%
|
3
| FBNH
| 7.40
| -0.67%
| -0.67%
| 3.50%
|
4
| FIDELITYBK
| 2.68
| 2.29%
| 2.29%
| 6.35%
|
5
| GUARANTY
| 32.85
| -0.45%
| -0.45%
| 1.55%
|
6
| MTNN
| 165.20
| 0.00%
| 0.00%
| -2.77%
|
7
| UBA
| 8.90
| 0.56%
| 0.56%
| 2.89%
|
8
| SEPLAT
| 496.10
| 0.00%
| 0.00%
| 23.32%
|
9
| ZENITHBANK
| 25.85
| 0.78%
| 0.78%
| 4.23%
|
10
| OKOMUOIL
| 93.00
| 0.54%
| 0.54%
| 2.20%
|
11
| BUACEMENT
| 80.00
| 0.00%
| 0.00%
| 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.
