February 3, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.10% to close at 42,000.01pts.
Similarly, market breadth index was negative with 18 gainers against 27 losers.
NCR (+9.94%) led the gainer’s chart today, while LINKASSURE (-9.88%) was the top loser.
UBN was the most actively traded stock with about 76million units of shares worth about N434million.
Sector Performances .
- NSE Consumer Goods Index: Declined by 0.22% as a result of the sell-offs in CHAMPION (-9.84%), UACN (-3.43%), FLOURMILL (-3.03%), DANGSUGAR (-0.24%) and INTBREW (-0.16%).
- NSE Banking Index: Lost 0.14% on the back of the declines in ETI (-4.84%), STERLNBANK (-3.61%) and GUARANTY (-2.07%).
- NSE Industrial Index: Fell by 0.12%, as result of the loss in WAPCO (-1.61%). .
- NSE Oil & Gas Index: Shed 0.05% due to the negative sentiment in OANDO (-4.76%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.90
| 0.00%
| -4.30%
| 5.33%
|
2
| DANGCEM
| 236.00
| 0.00%
| 0.00%
| -3.63%
|
3
| FBNH
| 7.35
| 0.00%
| -3.29%
| 2.80%
|
4
| FIDELITYBK
| 2.62
| 0.00%
| -3.68%
| 3.97%
|
5
| GUARANTY
| 33.05
| -2.07%
| -4.20%
| 2.16%
|
6
| MTNN
| 181.00
| 0.00%
| 0.00%
| 6.53%
|
7
| UBA
| 8.85
| 0.57%
| -2.21%
| 2.31%
|
8
| SEPLAT
| 495.00
| 0.00%
| 1.02%
| 23.04%
|
9
| ZENITHBANK
| 26.95
| 2.47%
| -0.92%
| 8.67%
|
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 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.
