February 16, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.19% to close at 40,494.35pts.
However, market breadth index was positive with 22 gainers against 20 losers.
LEARNAFRCA (+9.28%) led the gainer’s chart today, while UPDCREIT (-10.00%) was the top loser.
GUARANTY (+0.32%) was the most actively traded stock with about 46million units of shares worth about N1.43billion.
Sector Performances .
- NSE Consumer Goods Index: Fell by 0.52% as a result of the losses in NB (-3.28%), HONYFLOUR (-3.10%) and NASCON (-0.93%).
- NSE Banking Index: Lost 0.31% on the back of the sell-offs in ETI (-4.35%), UBA (-1.17%), STERLNBANK (-1.10%), ZENITHBANK (-0.60%) and ACCESS (-0.59%).
- NSE Oil & Gas Index: Advanced by 1.13% as a result of the buy-interest in ARDOVA (+9.06%), OANDO (+3.45%) and SEPLAT (+0.83%).
- NSE Industrial Index: Inched up by 0.01% as result of the gain in CAP (+5.56%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.45
| -0.59%
| 3.68%
| 0.00%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.25
| -0.68%
| 0.00%
| 1.40%
|
4
| FIDELITYBK
| 2.49
| 2.05%
| 3.75%
| -1.19%
|
5
| GUARANTY
| 30.90
| 0.32%
| 1.81%
| -4.48%
|
6
| MTNN
| 180.00
| 0.00%
| -1.10%
| 5.94%
|
7
| UBA
| 8.45
| -1.17%
| 3.05%
| -2.31%
|
8
| SEPLAT
| 549.00
| 0.83%
| 10.91%
| 36.47%
|
9
| ZENITHBANK
| 25.00
| -0.60%
| 0.00%
| 0.81%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 73.30
| 0.00%
| 0.00%
| -5.24%
|
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.
