February 26, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.74% to close at 39,799.89pts. In the same vein, the Index shed 0.96% WTD.
Similarly, market breadth index was negative with 17 gainers and 24 losers.
LASAC0 (+9.82%) led the gainer’s chart today, while WEMABANK (-10.00%) was the top loser.
WEMABANK (-10%) was the most actively traded stock with about 304million units of shares worth about N197million.
Sector Performances .
- NSE Banking Index: Shed 0.48% on the back of the sell-offs in WEMABANK (-10.00%), ZENITHBANK (-1.55%), STERLNBANK (-1.16%), UBA (-0.61%) and GUARANTY (-0.16%).
- NSE Consumer Goods Index: Declined by 0.40% as a result of the losses in CHAMPION (-10.00%), INTBREW (-3.65%), PZ (-0.93%) and DANGSUGAR (-0.55%).
- NSE Industrial Index: Lost 0.19% due to the negative sentiment in CUTIX (-4.46%) and WAPCO (-2.94%).
- NSE Oil & Gas Index: Rose by 0.25% as a result of gain in OANDO (+2.99%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.25
| 1.85%
| -1.79%
| -2.37%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.35
| 0.00%
| 0.68%
| 2.80%
|
4
| FIDELITYBK
| 2.44
| 0.83%
| -1.61%
| -3.17%
|
5
| GUARANTY
| 31.00
| -0.16%
| 1.97%
| -4.17%
|
6
| MTNN
| 174.00
| -3.28%
| -3.33%
| 2.41%
|
7
| UBA
| 8.15
| -0.61%
| -1.81%
| -5.78%
|
8
| SEPLAT
| 530.00
| 0.00%
| 0.00%
| 31.74%
|
9
| ZENITHBANK
| 25.45
| -1.55%
| 3.04%
| 2.62%
|
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 down 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.
