January 12, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.36% to close at 40,295.95pts.
Similarly, market breadth index was positive with 27 gainers against 20 losers.
MBENEFIT (+10.00%) led the gainer’s chart today, while OANDO (-5.41%) was the top loser.
MANSARD (+9.57%) was the most actively traded stock with about 50million units of shares worth about N59million.
Sector Performances .
- NSE Industrial Index: Gained 0.99% as a result of the buy-interests in DANGCEM (+2.22%) and CUTIX (+1.85%).
- NSE Consumer Goods Index: Rose by 0.36% as a result of the gains in NASCON (+10.00%), DANGSUGAR (+1.55%), UNILEVER (+1.52%) and UACN (+0.67%).
- NSE Banking Index: Declined by 0.62% on the back of the sell-offs in WEMABANK (-4.11%), STERLNBANK (-2.99%), UBA (-1.12%) and GUARANTY (-1.07%).
- NSE Oil & Gas Index: Shed 0.05% due to the loss in OANDO (-5.41%).
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
| -0.55%
| 0.00%
| 7.10%
|
2
| DANGCEM
| 230.00
| 2.22%
| 2.22%
| -6.08%
|
3
| FBNH
| 7.40
| 0.00%
| -0.67%
| 3.50%
|
4
| FIDELITYBK
| 2.70
| 0.75%
| 3.05%
| 7.14%
|
5
| GUARANTY
| 32.50
| -1.07%
| -1.52%
| 0.46%
|
6
| MTNN
| 165.00
| -0.12%
| -0.12%
| -2.88%
|
7
| UBA
| 8.80
| -1.12%
| -0.56%
| 1.73%
|
8
| SEPLAT
| 496.10
| 0.00%
| 0.00%
| 23.32%
|
9
| ZENITHBANK
| 25.80
| -0.19%
| 0.58%
| 4.03%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.54%
| 2.20%
|
11
| BUACEMENT
| 79.90
| -0.12%
| -0.12%
| 3.30%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed up today due to the gains in Industrial and Consumer 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.
