February 11, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.78% to close at 41,014.30pts.
However, market breadth index was negative with 7 gainers against 46 losers.
DANGCEM (+7.04%) led the gainer’s chart today, while LIVESTOCK (-10.00%) was the top loser.
LIVINGTRUST was the most actively traded stock with about 796million units of shares worth about N494million.
Sector Performances .
- NSE Industrial Index: Advanced by 2.57%, as result of the buy-interest in DANGCEM (+7.04%).
- NSE Banking Index: Declined by 2.98% on the back of the losses in UBN (-8.04%), ETI (-5.26%), GUARANTY (-5.12%), FIDELITYBK (-1.66%), ACCESS (-1.23%) and ZENITHBANK (-0.80%).
- NSE Oil & Gas Index: Fell by 0.90% as a result of the sell-offs in ARDOVA (-7.54%) and OANDO (-6.67%).
- NSE Consumer Goods Index: Lost 0.32% as a result of the losses in NNFM (-9.88%), CHAMPION (-8.94%), HONYFLOUR (-7.80%), INTBREW (-2.28%) and GUINNESS (-1.94%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.00
| -1.23%
| -6.43%
| -5.33%
|
2
| DANGCEM
| 228.00
| 7.04%
| -0.87%
| -6.90%
|
3
| FBNH
| 7.20
| 0.00%
| -0.69%
| 0.70%
|
4
| FIDELITYBK
| 2.37
| -1.66%
| -5.20%
| -5.95%
|
5
| GUARANTY
| 30.55
| -5.12%
| -15.14%
| -5.56%
|
6
| MTNN
| 182.90
| 1.61%
| 1.61%
| 7.65%
|
7
| UBA
| 8.10
| 0.00%
| -4.14%
| -6.36%
|
8
| SEPLAT
| 495.00
| 0.00%
| 0.00%
| 23.04%
|
9
| ZENITHBANK
| 24.80
| -0.80%
| -4.62%
| 0.00%
|
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 up today due to the gains in DANGCEM and MTNN. 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.
