February 1, 2021
By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Monday opened the week and month on a negative note as all-share index (ASI) lost 0.13 percent to close at 42,357.90 basis points, dragged by Banking and Consumer Goods counters.
InvestmentOne report says however, market breadth index was positive with 35 gainers compared to 28 losers.
According to the report. Honeywell Flour Mills Plc with a gain of +10.00 percent led the gainer’s chart at the close of trading on the Nigerian Stock Exchange (NSE), while insurer, Royal Exchange Assurance Plc with a loss of -10.00 percent emerged the worst loser.
Lender, Union Bank of Nigeria Plc (UBN) with a loss of -0.82 percent was the most actively traded stock with about 80 million units of shares worth about N470 million.
In terms of sector performance, InvestmentOne reports the NSE Consumer Goods Index declined by 1.03 percent as a result of the sell-offs in the shares of food and beverage producers, Nestle Nigeria Plc and Flour Mills of Nigeria Plc; both declined -3.65 percent and -3.17 percent respectively, while Northern Nigeria Flour Mills Plc (NNFM) dipped by -0.93 percent.
In the same vein, the NSE Banking Index lost 0.08 percent on the back of the declines in the shares of lenders, Wema Bank Plc, and Sterling Bank Plc; both depreciated -2.82 percent and -2.00 percent apiece, while Access Bank Plc and Union Bank of Nigeria Plc also lost by -1.61 percent and -0.82 percent respectively.
On the flip-side, the NSE Oil & Gas Index advanced by 0.22 percent due to the buy-interests in the shares of first dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc and Ardova Plc; both appreciated +1.02 percent and +0.26 percent apiece. The NSE Industrial Index closed flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 9.15
| -1.61%
| -1.61%
| 8.28%
|
2
| DANGCEM
| 236.00
| 0.00%
| 0.00%
| -3.63%
|
3
| FBNH
| 7.50
| -1.32%
| -1.32%
| 4.90%
|
4
| FIDELITYBK
| 2.71
| -0.37%
| -0.37%
| 7.54%
|
5
| GUARANTY
| 34.50
| 0.00%
| 0.00%
| 6.65%
|
6
| MTNN
| 181.00
| 0.00%
| 0.00%
| 6.53%
|
7
| UBA
| 9.10
| 0.55%
| 0.55%
| 5.20%
|
8
| SEPLAT
| 495.00
| 1.02%
| 1.02%
| 23.04%
|
9
| ZENITHBANK
| 27.15
| -0.18%
| -0.18%
| 9.48%
|
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%
| 0.00%
| 9.18%
|
“The equities market closed down today due to the losses in Consumer and Banking 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,” the InvestmentOne report affirmed.
