January 15, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.52% to close at 41,176.14pts. In the same vein, the Index gained 2.63%WTD.
Similarly, market breadth index was positive with 42 gainers against 12 losers.
UACN (+10.00%) led the gainer’s chart today, while DAARCOMM (-10.00%) was the top loser.
JAPAULGOLD (+9.35%) was the most actively traded stock with about 115million units of shares worth about N175million.
Sector Performances .
- NSE Consumer Goods Index: Rose by 1.41% as a result of the gains in UACN (+10.00%), CHAMPION (+9.76%), FLOURMILL (+9.33%) and NB (+3.36%).
- NSE Banking Index: Closed up by 0.54% on the back of the positive sentiment in FIDELITYBK (+2.59%), UBA (+2.21%), ACCESS (+2.11%), and UBN (+1.79%).
- NSE Industrial Index: Inched up by 0.08% as a result of the buy-interest in WAPCO (+1.28%).
- NSE Oil & Gas Index: Shed 0.54% due to the loss in ARDOVA (-9.84%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 9.70
| 2.11%
| 7.18%
| 14.79%
|
2
| DANGCEM
| 237.00
| 0.00%
| 5.33%
| -3.23%
|
3
| FBNH
| 7.60
| 1.33%
| 2.01%
| 6.29%
|
4
| FIDELITYBK
| 2.77
| 2.59%
| 5.73%
| 9.92%
|
5
| GUARANTY
| 33.05
| 0.15%
| 0.15%
| 2.16%
|
6
| MTNN
| 170.00
| 1.19%
| 2.91%
| 0.06%
|
7
| UBA
| 9.25
| 2.21%
| 4.52%
| 6.94%
|
8
| SEPLAT
| 540.00
| 0.00%
| 8.85%
| 34.23%
|
9
| ZENITHBANK
| 26.30
| -0.38%
| 2.53%
| 6.05%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.54%
| 2.20%
|
11
| BUACEMENT
| 79.90
| 0.00%
| -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 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.
