January 29, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.58% to close at 42,412.66pts. In the same vein, the Index gained 3.44%WTD.
Similarly, market breadth index was positive with 29 gainers against 25 losers.
NEM (+10.00%) led the gainer’s chart today, while TRANSEXPR (-10.00%) was the top loser.
UBN (+0.83%) was the most actively traded stock with about 76million units of shares worth about N442million.
Sector Performances .
- NSE Oil & Gas Index: Advanced by 0.63% due to the buy-interests in ARDOVA (+8.57%) and OANDO (+2.50%).
- NSE Banking Index: Gained 0.52% on the back of the positive sentiment in WEMABANK (+4.41%), ETI (+1.56%), GUARANTY (+1.47%) and UBN (+0.83%).
- NSE Consumer Goods Index: Rose by 0.32% as a result of the gains in CHAMPION (+9.89%), HONYFLOUR (+4.00%), UACN (+2.45%) and DANGSUGAR (+1.92%).
- NSE Industrial Index: Shed 0.08% as a result of the sell-off in CAP (-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
| 9.30
| -0.53%
| 1.64%
| 10.06%
|
2
| DANGCEM
| 236.00
| 0.00%
| 0.85%
| -3.63%
|
3
| FBNH
| 7.60
| 0.00%
| 3.40%
| 6.29%
|
4
| FIDELITYBK
| 2.72
| -1.45%
| 0.00%
| 7.94%
|
5
| GUARANTY
| 34.50
| 1.47%
| 4.23%
| 6.65%
|
6
| MTNN
| 181.00
| 3.43%
| 6.47%
| 6.53%
|
7
| UBA
| 9.05
| 0.00%
| 4.02%
| 4.62%
|
8
| SEPLAT
| 490.00
| 0.00%
| -9.26%
| 21.80%
|
9
| ZENITHBANK
| 27.20
| 0.00%
| 2.64%
| 9.68%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 79.00
| 0.00%
| 0.00%
| 2.13%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 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.
