January 18, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.23% to close at 41,082.38pts.
However, market breadth index was positive with 35 gainers against 22 losers.
AIICO (+10.00%) led the gainer’s chart today, while JAPAULGOLD (-6.58%) was the top loser.
LIVINGTRUST was the most actively traded stock with about 272million units of shares worth about N163million.
Sector Performances .
- NSE Consumer Goods Index: Declined by 0.62% as a result of the losses in FLOURMILL (-6.58%), GUINNESS (-2.63%), INTBREW (-2.21%) and NASCON (-1.70%).
- NSE Industrial Index: Lost by 0.43% as a result of the loss in DANGCEM (-1.01%).
- NSE Oil & Gas Index: Advanced by 0.02% due to the gain in OANDO (+0.29%).
- NSE Banking Index: Inched up by 0.01% on the back of the positive sentiment in GUARANTY (+1.82%) and ETI (+0.77%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 9.60
| -1.03%
| -1.03%
| 13.61%
|
2
| DANGCEM
| 234.60
| -1.01%
| -1.01%
| -4.21%
|
3
| FBNH
| 7.30
| -3.95%
| -3.95%
| 2.10%
|
4
| FIDELITYBK
| 2.72
| -1.81%
| -1.81%
| 7.94%
|
5
| GUARANTY
| 33.65
| 1.82%
| 1.82%
| 4.02%
|
6
| MTNN
| 170.00
| 0.00%
| 0.00%
| 0.06%
|
7
| UBA
| 9.10
| -1.62%
| -1.62%
| 5.20%
|
8
| SEPLAT
| 540.00
| 0.00%
| 0.00%
| 34.23%
|
9
| ZENITHBANK
| 26.15
| -0.57%
| -0.57%
| 5.44%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 79.90
| 0.00%
| 0.00%
| 3.30%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed down today due to the sell-offs in Consumer and 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.
