February 8, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.34% to close at 41,709.09pts.
However, market breadth index was positive with 23 gainers against 16 losers.
MCNICHOLS (+9.59%) led the gainer’s chart today, while CHAMPION (-9.75%) was the top loser.
UBN was the most actively traded stock with about 79million units of shares worth about N457million.
Sector Performances
- NSE Banking Index: Declined by 2.68% on the back of the losses in GUARANTY (-8.75%) and WEMABANK (-5.80%).
- NSE Consumer Goods Index: Lost 0.26% as a result of the sell-offs in CHAMPION (-9.75%), PZ (-9.73%), UNILEVER (-2.05%) and FLOURMILL (-1.45%).
- NSE Oil & Gas Index: Shed 0.01% due to the decline in ETERNA (-0.87%).
- NSE Industrial Index: Inched up by 0.05%, as result of the gain in WAPCO (+0.75%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.60
| 0.58%
| 0.58%
| 1.78%
|
2
| DANGCEM
| 230.00
| 0.00%
| 0.00%
| -6.08%
|
3
| FBNH
| 7.35
| 1.38%
| 1.38%
| 2.80%
|
4
| FIDELITYBK
| 2.60
| 4.00%
| 4.00%
| 3.17%
|
5
| GUARANTY
| 32.85
| -8.75%
| -8.75%
| 1.55%
|
6
| MTNN
| 180.00
| 0.00%
| 0.00%
| 5.94%
|
7
| UBA
| 8.80
| 4.14%
| 4.14%
| 1.73%
|
8
| SEPLAT
| 495.00
| 0.00%
| 0.00%
| 23.04%
|
9
| ZENITHBANK
| 26.00
| 0.00%
| 0.00%
| 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%
|
Source: InvestmentOne Report
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.
