January 27, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.83% to close at 41,930.73pts.
Similarly, market breadth index was positive with 35 gainers against 21 losers.
CHIPLC (+10.00%) led the gainer’s chart today, while SKYAVN (-10.00%) was the top loser.
TRANSCORP (-3.67%) was the most actively traded stock with about 57million units of shares worth about N61million.
Sector Performances .
- NSE Industrial Index: Advanced by 0.52% as a result of the buy-interest in WAPCO (+7.27%).
- NSE Banking Index: Gained 0.31% on the back of the positive sentiment in WEMABANK (+2.94%), UBA (+2.27%), ACCESS (+1.08%), ZENITHBANK (+0.57%) and GUARANTY (+0.15%).
- NSE Consumer Goods Index: Rose by 0.21% as a result of the gains in CHAMPION (+9.79%), DANGSUGAR (+2.49%) and HONYFLOUR (+1.61%).
- NSE Oil & Gas Index: Declined by 0.12% due to the sell-offs in ARDOVA (-2.44%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 9.35
| 1.08%
| 2.19%
| 10.65%
|
2
| DANGCEM
| 236.00
| 0.00%
| 0.85%
| -3.63%
|
3
| FBNH
| 7.60
| 2.70%
| 3.40%
| 6.29%
|
4
| FIDELITYBK
| 2.74
| 0.37%
| 0.74%
| 8.73%
|
5
| GUARANTY
| 33.20
| 0.15%
| 0.30%
| 2.63%
|
6
| MTNN
| 175.00
| 2.40%
| 2.94%
| 3.00%
|
7
| UBA
| 9.00
| 2.27%
| 3.45%
| 4.05%
|
8
| SEPLAT
| 490.00
| 0.00%
| -9.26%
| 21.80%
|
9
| ZENITHBANK
| 26.40
| 0.57%
| -0.38%
| 6.45%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 79.00
| 0.00%
| 0.00%
| 2.13%
|
12
| AIRTELAFRI
| 930.00
| 1.09%
| 9.18%
| 9.18%
|
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.
