February 24, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.14% to close at 40,221.30pts.
However, market breadth index was flat with 20 gainers and 20 losers.
OANDO (+10.00%) led the gainer’s chart today, while LASACO (-9.49%) was the top loser.
ZENITHBANK (+1.15%) was the most actively traded stock with about 155million units of shares worth about N4.10billion.
Sector Performances .
- NSE Oil & Gas Index: Rose by 0.79% as a result of positive sentiment in OANDO (+10.00%) .
- NSE Banking Index: Advanced by 0.77% on the back of the gains in ACCESS (+1.80%), FIDELITYBK (+1.73%), ZENITHBANK (+1.15%), GUARANTY (+0.98%) and UBA (+0.59%).
- NSE Industrial Index: Gained 0.22% due to the buy-interests in WAPCO (+3.48%).
- NSE Consumer Goods Index: Lost 0.32% as a result of the sell-offs in FLOURMILL (-6.94%), CHAMPION (-2.36%) and PZ (-0.93%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.50
| 1.80%
| 1.19%
| 0.59%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.40
| 1.37%
| 1.37%
| 3.50%
|
4
| FIDELITYBK
| 2.35
| 1.73%
| -5.24%
| -6.75%
|
5
| GUARANTY
| 31.05
| 0.98%
| 2.14%
| -4.02%
|
6
| MTNN
| 179.90
| -0.06%
| -0.06%
| 5.89%
|
7
| UBA
| 8.55
| 0.59%
| 3.01%
| -1.16%
|
8
| SEPLAT
| 530.00
| 0.00%
| 0.00%
| 31.74%
|
9
| ZENITHBANK
| 26.30
| 1.15%
| 6.48%
| 6.05%
|
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 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.
