February 25, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.31% to close at 40,095.49pts.
Similarly, market breadth index was negative with 14 gainers and 24 losers.
LASACO (-9.68%) was the top loser today while CHAMS (+9.09%) led the gainer’s chart.
TRANSCORP (-2.13%) was the most actively traded stock with about 48million units of shares worth about N44million.
Sector Performances .
- NSE Banking Index: Lost 1.44% on the back of the sell-offs in ACCESS (-4.71%), UBA (-4.09%) and ZENITH (-1.71%).
- NSE Consumer Goods Index: Declined by 0.79% as a result of the losses in HONYFLOUR (-4.00%), NB (-3.70%) and CHAMPION (-3.45%).
- NSE Oil & Gas Index: Shed 0.15% due to the negative sentiment in OANDO (-1.76%).
- NSE Industrial 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
| 8.10
| -4.71%
| -3.57%
| -4.14%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.35
| -0.68%
| 0.68%
| 2.80%
|
4
| FIDELITYBK
| 2.42
| 2.98%
| -2.42%
| -3.97%
|
5
| GUARANTY
| 31.05
| 0.00%
| 2.14%
| -4.02%
|
6
| MTNN
| 179.90
| 0.00%
| -0.06%
| 5.89%
|
7
| UBA
| 8.20
| -4.09%
| -1.20%
| -5.20%
|
8
| SEPLAT
| 530.00
| 0.00%
| 0.00%
| 31.74%
|
9
| ZENITHBANK
| 25.85
| -1.71%
| 4.66%
| 4.23%
|
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 negative today due to the losses 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.
