February 23, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.03% to close at 40,164.86pts.
However, market breadth index was negative with 16 gainers against 24 losers.
AIICO (+7.14%) led the gainer’s chart today, while SUNUASSUR (-9.88%) was the top loser.
FBNH was the most actively traded stock with about 65million units of shares worth about N472million.
Sector Performances .
- NSE Banking Index: Advanced by 1.68% on the back of the gains in ZENITHBANK (+4.84%), UBA (+1.19%) and GUARANTY (+0.82%).
- NSE Consumer Goods Index: Lost 1.61% as a result of the sell-offs in NB (-8.47%), HONYFLOUR (-6.72%), DANGSUGAR (-2.70%) and PZ (-0.93%).
- NSE Industrial Index: Closed flat.
- NSE Oil & Gas Index: Closed flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.35
| 0.00%
| -0.60%
| -1.18%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.30
| 0.00%
| 0.00%
| 2.10%
|
4
| FIDELITYBK
| 2.31
| -3.75%
| -6.85%
| -8.33%
|
5
| GUARANTY
| 30.75
| 0.82%
| 1.15%
| -4.95%
|
6
| MTNN
| 180.00
| 0.00%
| 0.00%
| 5.94%
|
7
| UBA
| 8.50
| 1.19%
| 2.41%
| -1.73%
|
8
| SEPLAT
| 530.00
| 0.00%
| 0.00%
| 31.74%
|
9
| ZENITHBANK
| 26.00
| 4.84%
| 5.26%
| 4.84%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 72.00
| 0.00%
| 0.00%
| -6.92%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed up today due to the gains in 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.
