February 5, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.18% to close at 41,709.09pts. In the same vein, the Index lost 1.66%WTD.
Similarly, market breadth index was negative with 14 gainers against 37 losers.
NNFM (+9.77%) led the gainer’s chart today, while PORTPAINT (-10.00%) was the top loser.
UBN was the most actively traded stock with about 78million units of shares worth about N454million.
Sector Performances .
- NSE Consumer Goods Index: Declined by 0.97% as a result of the sell-offs in CHAMPION (-9.48%), HONYFLOUR (-8.45%), DANGSUGAR (-4.76%) and INTBREW (-3.13%).
- NSE Industrial Index: Fell by 0.26%, as result of the losses in PORTPAINT (-10.00%) and WAPCO (-3.62%).
- NSE Oil & Gas Index: Shed 0.13% due to the decline in OANDO (-0.67%).
- NSE Banking Index: Advanced by 1.36% on the back of the buy-interests in GUARANTY (+9.09%) and JAIZBANK (+5.88%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.55
| -3.93%
| -8.06%
| 1.18%
|
2
| DANGCEM
| 230.00
| 0.00%
| -2.54%
| -6.08%
|
3
| FBNH
| 7.25
| -1.36%
| -4.61%
| 1.40%
|
4
| FIDELITYBK
| 2.50
| -4.21%
| -8.09%
| -0.79%
|
5
| GUARANTY
| 36.00
| 9.09%
| 4.35%
| 11.28%
|
6
| MTNN
| 180.00
| -0.55%
| -0.55%
| 5.94%
|
7
| UBA
| 8.45
| -3.43%
| -6.63%
| -2.31%
|
8
| SEPLAT
| 495.00
| 0.00%
| 1.02%
| 23.04%
|
9
| ZENITHBANK
| 26.00
| -2.80%
| -4.41%
| 4.84%
|
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.
