January 19, 2021/Investmentone Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.07% to close at 41,051.63pts.
However, market breadth index was positive with 43 gainers against 21 losers.
NEM (+10.00%) led the gainer’s chart today, while JAPAULGOLD (-9.86%) was the top loser.
LIVINGTRUST was the most actively traded stock with about 388million units of shares worth about N233million.
Sector Performances .
- NSE Banking Index: Fell by 0.73% on the back of the declines in ACCESS (-3.65%), STERLNBANK (-3.00%), UBN (-2.65%) and UBA (-2.20%).
- NSE Oil & Gas Index: Declined by 0.46% due to the sell-offs in ARDOVA (-8.63%) and OANDO (-0.28%).
- NSE Industrial Index: Shed 0.36% as a result of the loss in BUACEMENT (-1.13%) .
- NSE Consumer Goods Index: Advanced by 0.56% as a result of the gains in CHAMPION (+9.63%), NNFM (+7.96%), FLOURMILL (+3.23%) and CADBURY (+2.39%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 9.25
| -3.65%
| -4.64%
| 9.47%
|
2
| DANGCEM
| 234.60
| 0.00%
| -1.01%
| -4.21%
|
3
| FBNH
| 7.30
| 0.00%
| -3.95%
| 2.10%
|
4
| FIDELITYBK
| 2.70
| -0.74%
| -2.53%
| 7.14%
|
5
| GUARANTY
| 33.75
| 0.30%
| 2.12%
| 4.33%
|
6
| MTNN
| 170.00
| 0.00%
| 0.00%
| 0.06%
|
7
| UBA
| 8.90
| -2.20%
| -3.78%
| 2.89%
|
8
| SEPLAT
| 540.00
| 0.00%
| 0.00%
| 34.23%
|
9
| ZENITHBANK
| 26.20
| 0.19%
| -0.38%
| 5.65%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 79.00
| -1.13%
| -1.13%
| 2.13%
|
12
| AIRTELAFRI
| 851.80
| 0.00%
| 0.00%
| 0.00%
|
The equities market closed down today due to the sell-offs 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.
