March 2, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 0.59% to close at 39,697.62pts.
In today’s trade, market breadth index was negative with 17 gainers against 26 losers.
ACADEMY (+9.76%) led the gainer’s chart today, while MBENEFIT (-10.00%) was the top loser.
ZENITHBANK (-0.58%) was the most actively traded stock with about 48million units of shares worth about N1.24billion.
Sector Performances
- NSE Consumer Goods Index: Dropped by 3.86%, on account of the descent in CHAMPION (-9.69%), NESTLE (-6.90%), FLOURMILL (-1.85%), and UNILEVER (-0.45%).
- NSE Oil & Gas Index: Lost 0.88%, on the back of sell-offs in ARDOVA (-9.97%) and OANDO (-4.69%).
- NSE Industrial Index: Fell by 0.41% as a result of negative sentiment in WAPCO (-7.08%).
- NSE Banking Index: Shed 0.12%, due to the losses in STERLNBANK (-8.75%), FIDELITYBK (-3.29%), UBA (-1.80%), WEMABANK (-1.59%) and ZENITHBANK (-0.35%).
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
| -0.61%
| -1.82%
| -4.14%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.10
| 0.00%
| -3.40%
| -0.70%
|
4
| FIDELITYBK
| 2.35
| -3.29%
| -3.69%
| -6.75%
|
5
| GUARANTY
| 31.50
| 1.61%
| 1.61%
| -2.63%
|
6
| MTNN
| 174.00
| 0.00%
| 0.00%
| 2.41%
|
7
| UBA
| 8.20
| -1.80%
| 0.61%
| -5.20%
|
8
| SEPLAT
| 530.00
| 0.00%
| 0.00%
| 31.74%
|
9
| ZENITHBANK
| 25.65
| -0.58%
| 0.79%
| 3.43%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 74.75
| 0.00%
| 3.82%
| -3.36%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed down today due to negative sentiment in the all sectors. While we believe the risk-off sentiment on the back of weak 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.
