February 19, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.06% to close at 40,186.70pts. In the same vein, the Index lost 0.63%WTD.
Similarly, market breadth index was negative with 18 gainers against 20 losers.
LIVESTOCK (+9.27%) led the gainer’s chart today, while STANBIC (-10.00%) was the top loser.
FBNH (-0.68%) was the most actively traded stock with about 86million units of shares worth about N625million.
Sector Performances .
- NSE Oil & Gas Index: Shed 1.82% as a result of the decline in SEPLAT (-3.46%).
- NSE Industrial Index: Declined by 0.15% as result of the losses in WAPCO (-2.15%) and CUTIX (-0.92%).
- NSE Banking Index: Gained 1.95% on the back of the buy-interests in FIDELITYBK (+5.53%), UBA (+3.75%), ACCESS (+3.70%), ETI (+3.60%) and ZENITHBANK (+2.49%).
- NSE Consumer Goods Index: Advanced by 0.08% as a result of the gains in FLOURMILL (+2.10%) and GUINNESS (+0.23%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.40
| 3.70%
| 3.07%
| -0.59%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.30
| -0.68%
| 0.69%
| 2.10%
|
4
| FIDELITYBK
| 2.48
| 5.53%
| 3.33%
| -1.59%
|
5
| GUARANTY
| 30.40
| 0.33%
| 0.16%
| -6.03%
|
6
| MTNN
| 180.00
| 0.00%
| -1.10%
| 5.94%
|
7
| UBA
| 8.30
| 3.75%
| 1.22%
| -4.05%
|
8
| SEPLAT
| 530.00
| -3.46%
| 7.07%
| 31.74%
|
9
| ZENITHBANK
| 24.70
| 2.49%
| -1.20%
| -0.40%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 72.00
| 0.00%
| -1.77%
| -6.92%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed down today due to the losses in Oil & Gas and Industrial 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.
